October 1, 2023


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New Ripple president says her job is to continue to scale amid crypto winter

2 min read

Monica Lengthy has been named the brand new president of Ripple, transferring up from common supervisor. Lengthy joined the corporate in 2013 as director of communications and expanded her position final yr from common supervisor of RippleX, the blockchain growth facet of the enterprise, to common supervisor of the corporate as a complete, including RippleNet, the corporate’s monetary community, to her purview.

The presidency of Ripple has been a considerably nebulous place till now, with the title being ascribed to each co-founders Brad Garlinghouse and Chris Larsen at numerous occasions.

Lengthy’s promotion comes at an excellent second for the corporate. She informed Cointelegraph:

“It’s a job of continuous to scale. […] We’ve weathered many [crypto] winters, and with this one, we’re coming off a report yr of enterprise and buyer development.”

On this surroundings, “We’re persevering with to develop our group,” she added.

Lengthy joined Ripple when the corporate had solely 10 workers. She spearheaded the event of the corporate’s On-Demand Liquidity answer, described as “Ripple’s flagship product,” which was launched in 2018. Ripple added an adjoining service known as LiquidityHub final yr, and the corporate will proceed to broaden that service, Lengthy stated. Over 60% of RippleNet’s fee quantity was despatched by means of ODL final yr.

On the RippleX facet, Lengthy stated an automated market maker specification would go up for a vote by the validators this yr.

Associated: Inside the World Economic Forum: Circle, Ripple reflect on Davos 2023

Ripple is usually within the information resulting from its ongoing court docket case with the USA Securities and Trade Fee. The SEC has accused Ripple and co-founders Garlinghouse and Larsen of conducting an unregistered securities providing of $1.38 billion and promoting XRP (XRP) to retail buyers as an unregistered safety.

Garlinghouse informed CNBC on Jan. 18 that the company expects a decision on the case this yr.