Last Updated on January 28, 2023 by Bitfinsider
Ascending from general manager, Monica Long has been chosen the next president of Ripple. She joined the company in 2013 as director of communications, and in 2018, added responsibility for RippleNet, the company’s financial network, to her responsibilities as general manager of RippleX, the blockchain development arm of the company.
Up until this point, the presidency of Ripple has been a somewhat ambiguous role, with the title being variously attributed to both co-founders Brad Garlinghouse and Chris Larsen.
The timing of Long’s promotion is favorable for the business. She said: “It’s a job of continuing to scale. We’ve weathered many winters, and with this one, we’re coming off a record year of business and customer growth.”
Long joined Ripple when there were just 10 people working there. The On-Demand Liquidity solution, dubbed “Ripple’s flagship product,” was developed by her team and released by the business in 2018. LiquidityHub, a complementary service that Ripple established last year, will continue to grow, according to Long. Over 60% of last year’s RippleNet payment volume was sent using ODL.
On the RippleX side, Long stated that this year the validators would vote on an autonomous market maker specification.
Due to its continuing legal dispute with the US Securities and Exchange Commission, Ripple is frequently in the headlines. In a $1.38 billion unregistered securities sale, Ripple and co-founders Garlinghouse and Larsen are accused by the SEC of selling XRP to retail investors as an unregistered security.
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