Ripple looks for a new director to convince central banks on XRP benefits

Written by: Ali Raza
November 23, 2020
  • Ripple is seeking to expand on the usefulness of its XRP digital currency and explore its benefits with CBDC.
  • Position needs someone with more than 10 years of experience in account management and technology sales.
  • New hire will develop strategies that will facilitate the effective integration of Ripple’s XRP into the CBDC.

San Francisco startup Ripple is planning to bring its XRP Ledger to the central bank digital currencies (CBDCs) environment. As a result, a new job listing reveals that the company is looking to call in the services of a senior director of central bank engagements.

 “Ripple is looking for a proven leader to lead our strategy, partnerships, and project work with central banks around the world,” the job listing reads.

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Ripple says the prospective director will be responsible for negotiating the CBDC initiatives on XRP Ledger.

Role of the ideal candidate outlined

 The company also outlined the ideal candidate’s role in the task. According to the job description, Ripple says the ideal director will be responsible for defining and leading Ripple’s strategy with central banks. They will also educate central banks around the world about the initiative, as well as secure collaborations with central banks to build and develop projects.

Ripple’s Chief Executive Officer Brad Garlinghouse initially gave a clue about the company’s plans to use XRP Ledger to issue stablecoins. He said central banks can use the XRP ledger when issuing stablecoins. He also reiterated that exchanging digital fiat forms can be possible by using XRP as a bridge asset.

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The new hire will develop strategies to integrate XRP into CBDC

According to the job listing, the new hire will develop strategies for the integration of the company’s products with the new CBDC market. It’s also the job of the new hire to convince the central banks of the different ways they can integrate the XRP ledger into CBDC.

Ripple reveals that it intends to partner with CBDC projects by managing a list of projects that could drive CBDC growth.

According to the job listing, the director should be an expert in central bank digital currencies (CBDC).

Ripple wants to educate global leaders of central banks on the benefits of defining their CBDC strategies. The position needs someone who has more than 10 years of experience in account management and technology sales to central banks or large financial institutions.

It’s not clear whether Ripple is engaged in any CBDC pilots, but the firm has worked closely with central banks in several projects.