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Ripple Names Monica Lengthy As President – Ripple

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At present, we’re asserting that SVP and Common Supervisor Monica Lengthy has been promoted to the function of President.

Coming off our strongest 12 months but, Monica is without doubt one of the driving forces behind why we have now been as profitable as we’re right this moment regardless of a number of crypto winters and headwinds within the trade. She joined Ripple in 2013 when the corporate had solely 10 staff. At a time when crypto was barely a blip on the radar, she was within the trenches establishing Ripple as a accountable chief within the crypto trade—working with regulators and evangelizing the advantages and utility of crypto, in addition to incomes the belief of economic establishments globally.

“From the second I first met Monica almost eight years in the past at Ripple, it was clear that she was a pressure to be reckoned with. Her deep data of crypto paired together with her dedication, creativity and skill to suppose out of the field has made her some of the revered leaders within the trade and definitely at Ripple,” says Brad Garlinghouse, Ripple CEO. “Even within the present difficult crypto setting, Monica has helped information Ripple to a really distinctive place of development and monetary power. She’s been an instrumental adviser to me over time and I’m grateful to have the chance to accomplice together with her much more carefully as she embarks on her function as President.”

Not too way back, it was extraordinary for enterprises and monetary establishments to make use of crypto of their tech stack. Underneath Monica’s management, and dealing alongside engineering and product, her staff helped launch On-Demand Liquidity (ODL), one of many trade’s first enterprise crypto options to make use of crypto for cross-border transactions and Ripple’s flagship product in 2018. At present, ODL is accessible in almost 40 payout markets and final 12 months, roughly 60% of funds over RippleNet had been despatched by way of ODL. In different phrases, over half of funds are actually utilizing XRP for cross-border transactions. Ripple has processed $30B worth of volume and 20M transactions since RippleNet was first launched.

“I’m extremely honored to tackle the function of President at Ripple as we increase deeper into crypto-enabled providers like liquidity, settlement and custody,” says Monica Lengthy. “Wanting again over my tenure, I can say surely that I’ve been fortunate sufficient to be surrounded by among the smartest, most revolutionary individuals in crypto and tech, as we tackled some enormous audacious targets– like having the ability to ship cash immediately for fractions of a penny all over the world. The Web of Worth is a mission I believed in on day one and proceed to seek out inspiration in for the longer term.”

Monica’s ardour, onerous work and profitable strategic bets resulted in her promotion in August 2020 to Common Supervisor of RippleX the place she oversaw product, engineering, partnerships, advertising and marketing and developer relations, working collectively to help an open neighborhood of crypto builders innovating throughout creator economies, funds, identification, overseas alternate, digital media, gaming, central financial institution digital currencies and extra. Underneath her management, the staff launched and contributed to –together with the neighborhood–  the primary section of the EVM sidechain and introduced NFTs to the XRP Ledger (XRPL) below the proposed modification, XLS-20, in addition to inked key CBDC partnerships with the international locations of Palau and Bhutan. As well as, they led funding for and helped launch 100+ tasks by way of grants, accelerators, bounties, hackathons and the XRPL Zone.

In June 2022, she took on the RippleNet Common Supervisor function, along with RippleX, the place she was liable for the event and development of ODL and world buyer success.

“Once I take into consideration the start of Ripple and the place we are actually – a lot of that is because of Monica’s management and strategic insights. She joined us when crypto was extraordinary, and to see her develop over the past ten years into the incredible chief she is right this moment, is a testomony to how far the trade has come,“ mentioned Chris Larsen, Ripple Govt Chairman and co-founder. 

Monica has been acknowledged by San Francisco Enterprise Occasions as some of the influential ladies in enterprise and funds. As well as, she was a part of HSBC’s ‘Ladies on the Rise in FinTech’ initiative, a program aimed toward celebrating gender range by honoring the trade’s preeminent ladies.

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