Ripple Welcomes Monica Long As The New President Of Ripple Blockchain
The recent development shared by the leading blockchain revealed that the network had disclosed the new president to manage the affair of the blockchain company.
As shared by Ripple on its handle, the election of Monica Long as the new president of the Ripple blockchain. This development comes up amid the company’s heated legal battle with the U.S. Securities and Exchange Commission.
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The appointment was disclosed by Ripple in an official press release on Thursday, and further publicized through its Twitter handle today.
New President Of Ripple Blockchain
It is worth noting that Monica Long has been with Ripple for over 9 years having joined the firm as Director of Communications in September 2013. She entered the scene when the Ripple workforce comprised only ten employees, according to the press release. Long reportedly championed several initiatives that helped push Ripple forward, working with regulators and getting the trust of global financial institutions.
“Even in the current challenging crypto environment, Monica has helped guide Ripple to a very unique place of growth and financial strength. She’s been an instrumental adviser to me over the years. I’m grateful to have the opportunity to partner with her even more closely as she embarks on her role as President,” Brad Garlinghouse, Ripple’s CEO, remarked.
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As stated by Garlinghouse, the outgoing president, acknowledging that Monical Long has been one of the major drives in the Ripple company over the years.
having joined the firm as Director of Communications in September 2013. She entered the scene when the Ripple workforce comprised only ten employees, according to the press release. Long reportedly championed several initiatives that helped push Ripple forward, working with regulators and getting the trust of global financial institutions.
“Even in the current challenging crypto environment, Monica has helped guide Ripple to a very unique place of growth and financial strength. She’s been an instrumental adviser to me over the years. I’m grateful to have the opportunity to partner with her even more closely as she embarks on her role as President,” Brad Garlinghouse, Ripple’s CEO, remarked.
Brad Garlinghouse stated further that Monica and her team have done tremendously in the past as they are the reason for the successful launch of the widely-utilized Ripple On-Demand Liquidity (ODL) enterprise crypto network in 2018. ODL touted as Ripple’s flagship product is utilized by global entities and governments to facilitate cross-border settlements.
Promoted to General Manager in August of 2020, Long spearheaded CBDC partnerships with Bhutan and Palau, and the launch of the first stage of Ripple’s EVM sidechain. The introduction of NFTs on Ripple was also overseen by her. Moreover, the San Francisco Business Times has named her one of the most influential women in business.
It is no doubt that the Ripple company grows more despite the lawsuit between the company and the United State commission and many of the prominent members of the company still have their hope alive for victory over the SEC. for instance, Brad remains confident of a favourable ruling. Garlinghouse also believes the case is likely to end in the first half of the year.
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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
