Ripple Hires Facebook Payments Exec and Names New CTO
The blockchain company Ripple announced the hiring on Wednesday of Kahina Van Dyke, a banking industry veteran who recently worked as Facebook’s global payments director, as its new senior vice president of business and corporate development. The company also said head cryptographer, David Schwartz, would assume the role of chief technology officer.
The hirings come amid an ongoing campaign by Ripple to persuade the financial industry to use XRP—a cryptocurrency of which Ripple owns enormous stores—to facilitate cross-border payments.
In an interview with Fortune, Van Dyke cited her experience in getting banks to adopt once-radical technologies like apps and SMS communications, and observed that it will take a series of iterations before the financial industry is comfortable with cryptocurrency.
She also said the current international payment system, which primarily relies on a web of so-called correspondent banks, is ready for a shakeup.
Jeff John Roberts
11 July 2018 10:00 AM EDT
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