Ripple’s chief market strategist, Cory Johnson has turned his way from Ripple. A spokesperson from Ripple confirmed that the company is eliminating the position of chief market strategist itself – henceforth the Cory is no longer with Ripple.
As such, the twitter and other social media accounts of Cory are not pointing at Ripple and has been ‘scrubbed from his account’. To note, the present bio of Cory at Twitter says ‘Investor, entrepreneur, crypto influencer and recovering journalist’ and nothing that’s connecting to Ripple.
It was also confirmed by Ripple’s Tom Channick; he points Cory’s Journey at Ripple was a great success. He writes that;
“Cory’s last year at Ripple was a success in representing the company to investors, press, and regulators. Cory helped Ripple with strategy internally and overall industry education. But due to changes in market conditions, we’ve chosen to eliminate the role of Chief Market Strategist.”
Cory’s journey with Ripple since the beginning of 2018 was significant. In fact, he had also appeared as the face of a company on mainstream media platforms. Beside strategic job, he has also contributed to clarifying the confusion of the relationship between Ripple and XRP. In a similar context, Mr. Cory told CNBC during his hiring;
“I’m going to try and explain, listen and set strategies to make it easy for Wall Street and the world of finance to understand what we’re doing. Continuing that; “The role of Ripple as a company and XRP as a currency in financial markets, to regulators, financial institutions and investors could use more explaining,”
Furthermore, the news comes amidst the unfavorable market condition for the native token of Ripple, the XRP. According to the data from coinmarketcap, XRP is not slipped down to the third position and eventually stand behind Ethereum. At press time, XRP is declining with 0.83 percent over the past 24hrs and valuing the average trading volume of $12,428,577,576.
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com