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   938

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.

RippleNet expands into emerging markets

Additional 5 international financial institutions have joined Ripple
21 February 2018   116

Banks from Brazil (Itau Unibanco) and India (IndusInd) along with remittance providers from Singapore (InstaReM), Brazil (Beetech) and Canada (Zip Remit) joined the ranks of members of the enterprise blockchain solution for global payments. This announcement with an earlier partnership with China (Lianlian) brings Ripple even closer to the so called 'emerging markets'. With the partners base of more than 100 organizations worldwide, Ripple allows its members access and exchange payment information between each other and finalize the transactions in an instant.

We are pleased to partner with Ripple. Now, RippleNet members will be able to process a large number of payouts in Southeast Asian countries through InstaReM’s secure rails.

 

Prajit Nanu

Co-founder and CEO, InstaReM

On top of that, with the application of a blockchain technology the costs of transactions and the transfer times get drastically decreased. It is reported that IndusInd and InstaRem will use Ripple's xCurrent platform to improve cross-border payments to other financial institutions globally; and Beetech with Zip Remit will use xVia to deal with global payments for their respective customers.

The payments problem is a global problem, but its negative impact disproportionally affects emerging markets. Whether it’s a teacher in the U.S. sending money home to his family in Brazil or a small business owner in India trying to move money to open up a second store in another country, it’s imperative that we connect the world’s financial institutions into a payments system that works for their customers, not against them.

 

Patrick Griffin

Head of business development, Ripple