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   2513

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.

Coinone to Join RippleNet

Coinone and Ripple cooperation started in May 2018, and now exchange believes it will help to create wide range of blockchain based financial services
18 June 2019   239

The Korean exchange Coinone, a member of the Big Four of Asian cryptocurrency exchange platforms, has joined the RippleNet network, AMBcrypto reports. Through participation in RippleNet, Coinone will be able to use Ripple's xCurrent solution to provide interbank services to its customers.

Coinone CEO Shin Won Hee, in a conversation with local media, said that his company would rely on cooperation with SBI Ripple Asia in creating a wide range of financial services based on blockchain technology.

According to the media, Coinone was the first exchange in South Korea, which joined RippleNet. As part of the cooperation with SBI Ripple Asia, Coinone intends to “organize overseas remittance events for 3,000 new subscribers to the block chain overseas remittance service.”

Coinone and Ripple started working together in May 2018, when the company integrated xCurrent solution into its own payment service called Cross. According to updated data, customers of the exchange can send transfers to eight Asian countries through the system, taking advantage of reduced commissions.

Earlier this month, Siam Commercial Bank, the largest commercial bank in Thailand, said it would use XRP cryptocurrency in its operations, but later, for unknown reasons, refused this statement.