Former US treasurer joins Ripple board

“Blockchain and crypto will underpin our future international monetary systems,” stated the board member.
In a statement from Ripple now, the business said Rios, who served as the U.S. treasurer from 2009 to 2016 under President Barack Obama, will be the newest member of their firm’s leadership team. Ripple CEO Brad Garlinghouse mentioned Rios’ expertise in both public and private sectors in addition to her success at”rapidly quickening businesses” from the provider’s decision to put her on board. “Ripple is one of the best examples of how to utilize cryptocurrency at a purposeful and legitimate function to facilitate payments internationally,” said Rios. Rios’ title appears more closely associated with fiat compared to crypto, quite literally — all U.S. banknotes published during her time as treasurer keep her signature. Her appointment follows Yoshitaka Kitao, CEO of Japanese financial giant SBI Group, making the board after two years and being substituted by SBI Ripple Asia CEO Adam Traidman.Ripple also declared Kristina Campbell, previously with payments platform PayNearMe at fintech company GreenDot, will soon be joining the company as chief financial officer to”quicken growth and provide value to investors ” Campbell stated she aimed to utilize crypto and blockchain technologies to”create the international financial system available to all” The newest leadership follows the XRP cryptocurrency losing its position since the fourth-largest cryptocurrency by market capitalization into Dogecoin (DOGE) for the very first time. XRP only regained the number-four slot at April after rallies from Polkadot’s DOT and Binance Coin (BNB) in addition to volatility in the market cost. XRP’s volatility has been attributed to charges brought by the U.S. Securities and Exchange Commission from Ripple, the firm’s co-founder Chris Larsen, and Garlinghouse at December 2020. The SEC accuses Ripple of running an”unregistered, ongoing digital advantage securities offering” by its XRP earnings. Though the allegations originally prompted many crypto exchanges into delist or suspend the trading of XRP, some have since relisted the market after a effort from its fans.

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