- Monica Long will now serve as the new president of Ripple.
- Before this, she was serving in the company as the general manager.
- The presidential team of Ripple,to a moderate extent, has been an indefinite place till now, with the position being attributed to both the co-founders namely Brad Garlinghouse as well as Chris Larsen at different times
Monica Long will now serve as the new president of Ripple, promoting from the position of general manager. Long has been with the company since 2013 and joined in the post of director of communications and elaborated her role in 2022 to general manager of RippleX, the blockchain development portion of the business, to general manager of the firm as a complete, including RippleNet, the firm’s financial network, to her responsibility.
The presidential team of Ripple, to a moderate extent, has been an indefinite place till now, with the position being attributed to both the co-founders namely Brad Garlinghouse as well as Chris Larsen at different times.
The publicization of Long comes at a good time for the firm. She told a media channel:
“ It is a duty of carrying to scale. We have to crumble various crypto winters and with this one, we are taking off a record year of business along with customer growth.” She further added that, in this condition, we are carrying on to grow our team.
Long was associated with Ripple when the company had just 10 people in staff. She led the growth of the firm’s On-Demand Liquidity solution, explained as “Ripple’s ferry boat product,” which was introduced in 2018. Ripple went on to add an adjoining service known as LiquidityHub in 2022, and the firm will carry on to elaborate that service, Long described. More than 60% of RippleNet’s payment volume was given by ODL in 2022.
On the RippleX side, Long revealed that an involuntary market maker statement will go up for a vote by the affirmations this year.
Ripple is repeatedly in the news because of its going on court filing with the United States Securities and Exchange Commission. The commission has alleged Ripple as well as its co-founders, Garlinghouse and Larsen, of doing an unlisted securities offering of $1.38 billion and then selling XRP to retail investors as an unlisted security.
Garlinghouse stated to a media house on January 18 that the firm anticipates a judgment on the matter in 2023.
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