Cory Johnson, the Chief Market Strategist at Ripple, recently appeared at Techonomy 2018 to speak about RippleNet and the company’s position in the digital asset and blockchain ecosystem. He also offered his thoughts on businesses that utilize blockchain, and the downfalls of Bitcoin [BTC].
He began by speaking about how there was no payment layer for the Internet, which factors into Ripple’s plans for building the Internet of Value. This is a vision that has been pushed by the company for a long period of time, and describes a world where money moves as fast as information does today.
Johnson then went on to state that Ripple was “probably the most advanced company in all of blockchain”. He elaborated:
“We’ve got around a 100 paying customers, we’ve moved over a billion dollars on the network we’re opening new corridors. When I joined the company, around 9 months ago, they were doing one deal in 6 weeks. Now its 6 days.”
This paints a bright picture for the future of the Ripple ecosystem, which many XRP HODLers are fervently following. This is due to the now increased interoperability of xCurrent with xRapid, Ripple’s settlement service utilizing XRP. Johnson also stated that they have announced 3 customers for xRapid. He also elaborated on his feelings on working for Ripple, stating:
“It’s exciting. It’s cool to be a company that’s growing at this pace, doubled in size. We’ve gone from a 150 employees to 300 in just under a year.”
On the future of the blockchain based ecosystem, he stated that there will be more businesses that utilize blockchain, digital assets and cryptocurrencies for technological solutions. He also remarked on the state of the space currently, saying:
“It’s just very early days. The businesses that have been built, have been built to trade crypto assets, to hold custody of these crypto assets or to manage translations from one crypto assets to another.”
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