Cory Johnson, Ripple’s chief marketing strategist busted the most common myth and confusion about Ripple and XRP which is most often considered as the same. This is not true, ‘Ripple and XRP are completely different but they are often confused’ says Cory in an interview with The Street where he broke the differences between Ripple and XRP.
“Ripple is an enterprise software company and XRP is a digital asset that trades on its own. XRP is owned by lots of people in lots of places. We happen to own a lot of XRP – we own a lot of cash, chairs, and computers – but the company is called Ripple and we sell software.”
The Ripple’s team also stated highlighting the fact:
“Our success is not tied to the performance of XRP.”
Ripple has declined by 75% roughly compared to earlier prices this year. It is slowly picking up the pace and is coordinating with the market momentum currently as an uptrend is witnessed since few days. Ripple’s volume has gone up by 31% over the week and is currently trading at $0.644. The market cap has also evidently gone up and is worth $25 billion.
Oliver, a Ripple enthusiast says:
“Ripple is now making it clearer by the day that they are disassociating from XRP. This will fuel a sell-off while Cory is becoming a fan favorite.”
Mohamad, an XRP holder says:
“I didn’t like the way he did it, people are investing in XRP and not in ripple so he should show them the strong relationship between the two and how ripple is working to integrate XRP more in their solutions…. people care about XRP price and not ripple quarter.”
Cory commented on the extreme fluctuations and the huge decline over a long duration saying it is a market dynamic that can’t really be understood or analyzed. Ripple, the software company has had the best quarter with more dealerships, more partners, more banks using their software than ever before for 100 banks and production. Using Ripple’s software and the prices of XRP falling, Cory says, are not co-related but the team certainly believes if their business does well and other businesses have success, they will use XRP and it will start to create an intrinsic value that the other cryptocurrencies or tokens don’t really have.
Cory concluded on a positive note:
“We are gonna like it or not like it but, XRP and Ripple are two different things. XRP is its own thing, it’s a digital asset with a lot of things happening. We would like to see it do well, we have 61 billion reasons to see it do well and I hope it does over the time.”
Eric Goulding, a speculator of the market tweeted:
“And yet they keep promoting XRP like crazy and some of their partnerships are piloting XRP at this time. You make sense… He just said they have 61 billion reasons why they want it to do well. Good enough for me;)”
Steven Carrejo commented on a forum:
“The bears are gonna aim for the right shoulder. Don’t let them get it their way XRP. Keep going up! Fomo time! This is a better explanation. It gets into the XRP Ledger.”
The post ‘Ripple and XRP are two different animals’ – Says Cory Johnson appeared first on AMBCrypto.
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