Ripple, the payments start-up that holds billions of dollars worth of digital currency XRP, has hired Bloomberg Television’s Cory Johnson as its chief market strategist.
Ari Levy of CNBC.com reports, “Johnson, who has spent 20 years in the Bay Area and worked at numerous news organizations, including as a correspondent for CNBC, will be working closely with Ripple’s CFO Ron Will.
“He’s joining a start-up that’s in a unique cash position. Every month Ripple is selling a tiny fraction of the 55 billion XRP that it put into an escrow account. Those small sales brought in $91.6 million in the fourth quarter of 2017, the company said in January.
“Johnson declined to say if he’s receiving any XRP as part of his compensation. He did say that he’s looking forward to the challenge of educating the market on a new way of sending money for a banking industry that is notoriously slow to embrace change.”
Read more here.
Johnson co-hosted Bloomberg West with Emily Chang where they discussed the tech sector. He is also a former reporter for TheStreet.com.
Thanks to everyone who made the past 7 years at @Bloomberg great – I’m proud of the work we did and can’t wait to read the next scoop.
— Cory Johnson (@CoryTV) March 9, 2018
