Monica Long has been appointed as the new president of Ripple. Long joined the company in 2013 as communications director, and last year expanded his role from general manager of RippleX on the blockchain development side to general manager of the entire company, overseeing the company’s financial network, RippleNet.
Ripple’s presidency has been somewhat ambiguous, having been held several times by co-founders Brad Garlinghouse and Chris Larsen.
Long told Cointelegraph that this crypto winter is an opportunity for growth.
“The presidency is about scaling. We have survived many[cryptocurrency]winters, but this is going to be a record year for business and customer growth.”
“We continue to grow our team in this environment,” he said.
Long joined Ripple when the company had just 10 employees. He spearheaded the development of the company’s on-demand liquidity solution (ODL), described as “Ripple’s flagship product,” which launched in 2018. Ripple added an adjacent service called Liquidity Hub last year, and will continue to expand that service, Long said. Over 60% of RippleNet payment volume was sent via ODL last year.
On the RippleX side, the specification for the automated market maker will be put to a vote by validators later this year, Long said.
Garlinghouse told CNBC on Jan. 18 that the company expects a decision on the case this year.
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