Ripple Looks For An Expert Specializes In CBDCs
Ripple Looks For An Expert Specializes In CBDCs
November 24, 2020
Ripple Looks For An Expert Specializes In CBDCs
Ripple Looks For An Expert Specializes In CBDCs
November 24, 2020

Ripple (XRP) is looking for an expert specializing in central bank digital currencies (CBDCs).

It has been reported according to a recent job posting by Ripple that the firm is seeking a senior director of central bank engagements focusing on supporting CBDC initiatives with Ripple’s real-time gross settlement system, XRP Ledger.

However, with the new position, Ripple is looking to define its CBDC strategy with central banks, build relationships and projects, as well as educate global central bankers, the job posting notes.

The position requires over 10 years of experience in technology sales or account management involving selling to large financial institutions or central banks.

The report said that the latest job posting reaffirms Ripple’s intentions to implement its technology for developing CBDCs.

In September 2020, Ripple published a CBDC-related post by touting its payments network RippleNet as a necessary tool for enabling interoperability between global CBDC initiatives.

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In August 2020, Emi Yoshikawa, the senior director of global operations at Ripple, claimed that XRP will not compete with CBDCs but is rather complementary. It’s not clear whether Ripple is involved in any of the ongoing CBDC pilots or not.

The company has still been in touch with some global central banks.

Thus, in May 2020, Ripple had a closed-door meeting with the central bank of Brazil to discuss “institutional matters.”

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.