XRP news daily – Ripple Hires Top Facebook Executive – Good Moves! XRP
FROM THE ARTICLE: The blockchain company Ripple announced the hiring on Wednesday of Kahina Van , a banking industry veteran who recently worked as Facebook’s global payments director, as its new senior vice president of business and corporate development. The company also said head cryptographer, David Schwartz, would assume the role of chief technology officer.
The hirings come amid an ongoing campaign by Ripple to persuade the financial industry to use XRP—a cryptocurrency of which Ripple owns enormous stores—to facilitate cross-border payments.
In an interview with Fortune, Van cited her experience in getting banks to adopt once-radical technologies like apps and SMS communications, and observed that it will take a series of iterations before the financial industry is comfortable with cryptocurrency.
She also said the current international payment system, which primarily relies on a web of so-called correspondent banks, is ready for a shakeup.
“We’ve been having problems with cross-border payments for 30 years,” said Van , noting that overseas money transfers can take days and result in unpredictable fees. Van added that the pace of change at banks is very slow compared to the “move-fast culture” she experienced at Facebook.
Van joins Ripple at a time when the financial industry is getting more familiar with blockchain’s distributed ledger software system, but has yet to use x.r.p or other cryptocurrencies in day-to-day operations.
Ripple claims XRP can serve as a source of liquidity, relieving financial institutions of the obligation to maintain capital in foreign reserve accounts. But the CEO of one financial giant, a href=”http://fortune.com/2018/01/11/ripple-moneygram-xrp-cryptocurrency-bank-transfers/”Western Union/a, recently declared that its experiments with #XRP had not resulted in significant savings in cost of efficiency. (Ripple claims the experiments were too small in scope to draw meaningful conclusions about XRP).
Meanwhile, the promotion of Schwartz to CTO is significant because he is replacing long-time predecessor, Stefan Thomas, who created many elements of Ripple’s blockchain technology.
“Building a global network of financial institutions who are using blockchain-based solutions is no small task, but we have the technical folks at Ripple to make it a reality. We’re also going to hire a lot more of them,” said Schwartz in a statement.
#Ripple says Schwartz and his team will also be tasked with the further decentralization of the XRP Ledger, which records XRP transactions. Decentralization is important in part because the SEC has suggested that digital assets that can be influenced by a central actor must be registered as securities—a possible allusion to Ripple and its large store of XRP.
http://fortune.com/2018/07/11/ripple-kahina-van–cto-david-schwartz/
MY SECOND CHANNEL: https://bit.ly/2KQGJ0i
Business email: [email protected]
THE BITCOIN BREAKTHROUGH: http://b00da9cih8wwgwcguox6m5cjzc.hop.clickbank.net/
BITCOIN INVESTING GUIDE: http://c3eb3jcqn23mgud8-oqgxrntcq.hop.clickbank.net/
GET THE CRYPTO ICO INVESTING GUIDE: https://amzn.to/2HbhAMU or http://selz.co/4J3AW7aqN
GET THE CRYPTO CHEATSHEET: https://amzn.to/2GICwgq or
http://bit.ly/2HF2Ftf
JOIN THE GROUP: http://bit.ly/2pi4Rjq
Start Buying Bitcoin and Ethereum: https://cex.io/r/0/up107571407/0/
TRADE ON BINANCE: https://www.binance.com/?ref=27529551
SUBSCRIBE TO MY EMAIL LIST: http://eepurl.com/c9Rag1
Business email: [email protected]
Intro Created By Psychic Savior. Check out his channel: https://www.youtube.com/channel/UCF3IpZilLlEab7ON1udZ8iA
Buy stocks with no fees: http://share.robinhood.com/philipm72
Find Great Stuff on Fiverr: https://www.fiverr.com/s2/3034687225
*FOLLOW MY INSTAGRAM* https://www.instagram.com/thenaughtyinvestor/
FOLLOW ME ON STEEMIT: https://steemit.com/@naughtyinvestor
My Second Channel: https://www.youtube.com/channel/UCo3JDDE_gGvBoBfq5m4U2jw?view_as=subscriber
**not investment advice. Anything stated is my opinion**
**some links may be affiliate**
I’m The Naughty Investor and thanks for watching !
Related Post:
- RIPPLE XRP NEWS! DIFFERENCES BETWEEN RIPPLE AND XRP? RIPPLE HIRES FACEBOOK EXECUTIVE!
- . Bakkt MOOn SHOT Today ? Ripple XRP BOA Going Cashless. BlackRock Hires Former Ripple Executive
- RIPPLE XRP – RIPPLE HIRES GLOBAL PAYMENTS DIRECTOR FROM FACEBOOK! REVOLUT TO EXPAND WITH XRP!
- SAP to use XRP? – Revolut Moves to Malta – Ex-PayPal Executive Joins 0x Board – Iran Crypto Mining
- Madonna X Ripple Facebook Same Team. Ripple executive elected FPC. Mass Adoption
- #XRP #BIGBG Tweets. TOP 20 BANKS WILL HODL XRP Q1 2023 Ripple Executive‘Next Major Pump’ i
- Ripple Gearing Up for Major Expansion of XRP-Powered xRapid.U.S. Bank Hires Ripple (XRP) Partner
- BULL RUN TIME. XRP BTC TOP 2 must Have Retirement Plan. Ripple Coinbase Executive order 13372 BG123
- New Ripple Partner! Ripple and ACI. Ripple Hires Key Player From Google. Canadian Bitcoin Exchange
- Ripple XRP: Ripple Hires Lead Architect of Token Taxonomy Act