Ripple welcomes former NYDFS head to board of directors

Ripple announced it when leaned into its digital asset opportunity together with XRP
22 November 2017   1621

Today Ripple announced about the appointment of Benjamin Lawsky, former Superintend of Financial Service to Board of Directors and Ron Will as CFO. Will and Lawsky will play main role in achieving increased use of XRP.

Benjamin Lawsky joined Ripple having 20 years of experience in state and federal governments. He is known as founder of BitLicense. In 2011-2015 he worked as New York State Superintendent and regulated both local and foreign banking operations.

It is also said that Lawsky served as co-chair in Cyber Security Advisory Board. He started as United States attorney assistant in the Southern District of New York and also as chief counsel to Charles Schumer, U.S. Senator. Lawsky also got scholarship at Cyber Initiative of Stanford University.

Benjamin Lawsky claimed that his, also as Ripples’s, aims areto make global financial system more efficient, secure and fair and increase adoption level of Blockchain technology.

Following three decades Ron Will becomes a senior financial executive and investment banker. Early Will served in both emerging and established companies and recently as CFO of TubeMogul. In TubeMogul Will worked as CFO and CCO. His duties there were to growth eqity firm, guiding strategies and financial planning. Before this, he worked at BrightRoll as CFO in 2011-2015, than he was appointed by Yahoo.

Ron Will spent 7 years working as vice President and treasurer in Yahoo. He also worked with financial pioneers like current San Francisco 49ers, TouTube, Gideon Yu. He also server as investment banker for 12 years

Will expressed how much he was excited to work with such hyper-growth companies. He also told about his plans on Ripple, especially about his aim to overhaul it’s payment system.

CEO Brad Garlinghouse commented appointments and said that Changing payment system is the great and difficult step and to make this dream comes true, the experience and wisdom of Ron Will and Benjamin Lawsky is to help. Benjamin understands all the subtleties of financial regulation and digital asset and Ron had the great experience at scaling working in Yahoo. Skills of Ben Lawsky and Ron Will are to play main role in improving payment system with Blockchain and XRP.

Ripple to Plan to Target Chinese Market

It has became known that Ripple has plans for Chinese market as early as in March
16 August 2018   159

Ripple, the provider of financial solutions, plans to enter the Chinese market with its blockchain solution for international payments. This is reported by CNBC.

China is definitely of interest, it is definitely a target. China is definitely a country and region of interest.

Jeremy Light
Vice president of European Union strategic accounts, Ripple

It has became known that Ripple has plans for Chinese market as early as in March. As the head of the Ripple representative office in the Asia-Pacific region, Sagar Sarbhai, stated at the time, the company is actively negotiating with state institutions and banks of the PRC, regulating regulatory and legal issues, as well as educational work, telling about the advantages of new payment solutions.

Earlier, Ripple entered into a deal with a financial firm from Hong Kong LianLian International. The purpose of the agreement is the use of the xCurrent product by the Hong Kong company to create a system of international payments.

The Ripple product based on the distributed registry technology was originally created for the organization of fast and international payments. More than 100 financial organizations cooperate with the company, including UniCredit, UBS and Standard Chartered.

Against Ripple Labs there has been filed three lawsuits on charges of manipulating the price of the XRP token. At the same time one of the claims was rejected by the Northern District Court of California.