News

RippleNet’s General Manager Is Departing.

Asheesh Birla, general manager of RippleNet, took to Twitter to announce his decision to leave Ripple.

Source: Ripple

While Birla has yet to decide on his future professional move, he will now serve on Ripple’s Board of Directors alongside former US Treasury Secretary Rosie Rios and JPMorgan veteran Sandie O’Connor.

According to CEO Brad Garlinghouse, Monica Long, another long-time executive, will now head both RippleNet and RippleX.

Birla was hailed by Garlinghouse for having a “incredible” impact on the organization.

Birla joined the San Francisco-based firm in 2013. As a founding member of the company, he was in charge of developing blockchain-powered cross-border payment solutions.

The seasoned Rippler took over as CEO of RippleNet, an international payments platform for banks and financial organizations. Birla joined Ripple when it was still a fledgling company. Crypto was still a fresh notion at the time.

RippleNet’s General Manager Is Departing.

The now-defunct Mt. Gox exchange, the market leader at the time, was only processing $2 million in transactions per day. The whole crypto market cap was only $1.6 billion at the time, a drop in the bucket compared to today’s $1.3 trillion. Stripe attempted to purchase Ripple in 2013, but the transaction fell through.

The debut of the On-Demand Liquidity solution (previously known as xRapid) was regarded by Birla as a “huge milestone” for the company. Using XRP as a bridge currency, the offering provides for fast settlement of fiat payments.

Despite a lawsuit from the US Securities and Exchange Commission, the RippletNet network managed to achieve $1 billion in monthly turnover in 2021.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

CoinCu News

Victor

Recent Posts

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

1 hour ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

2 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

2 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

3 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

3 hours ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

4 hours ago

This website uses cookies.