Talking about adoption and things moving forward: this week, the news came out that the White House is currently deeply researching crypto. Cory Johnson, Ripple’s chief marketing strategist, stated that Ripple had discussed XRP with the Trump administration and that there is a lot of interest in the digital currency.
Interesting news this week, apparently the White House is investigating cryptocurrencies and the potential they may have in the future. With that, also the news came out that U.S. president Donald Trump’s White House is also worrying about China’s bitcoin dominance. Because of this, the U.S. administration might be interested in ripple (XRP) adoption to offset China’s bitcoin strength, a Ripple Labs executive mentioned.
In a recent interview with Breaker Magazine, Cory Johnson, Ripple’s chief marketing strategist, mentioned that the White House is currently deeply researching crypto. Johnson said:
“There’s clearly a lot of homework going on. The White House, in particular, seems to be thinking about what it means to have 80 percent of bitcoin mining taking place in China and a majority of Ether mining taking place in China.”
Johnson continued that with XRP, there’s no mining and from a foreign-control aspect, or from an environmental one, the coin is different. It seems that this matters a lot for the White House.
Although Johnson didn’t divulge details regarding Ripple’s ongoing talks with the Trump administration, he was clear that things are moving in the right direction. That certainly puts XRP on the path to a major bull run by the time details of the talk are made public. Also, the fact that Ripple now has a good number of major banks, like Santander, on its network and the launch of new systems like xRapid and XPring adds to the flair.