Ripple, the payment services utilizing digital currency XRP, is seeking an expert with a specialty in central bank digital currencies (CBDCs).

As per a recent job posting by Ripple, the company is looking for a senior director of central bank engagements focusing on supporting CBDC initiatives with Ripple’s real-time gross settlement system, XRP.

With the new role, the firm wants to define its CBDC strategy with central banks, establish relationships and projects, and also educate international central bankers, the job posting notes.

One of the requirements to fill this role is 10 years of experience in sales or account management involving selling to big financial institutions or central banks.

The recent job posting reassures Ripple’s plans to implement its technology for developing CBDCs. In September 2020, the firm published a CBDC-related post, suggesting its payments network RippleNet as an essential tool for enabling interoperability between international CBDC initiatives.

In August, Emi Yoshikawa, a senior director of international operations at Ripple, said that XRP will not compete with CBDCs, but is rather complementary.

It is not clear whether Ripple is involved in any of the ongoing CBDC pilots or not thus far. However, the firm has still been in touch with some central banks from all around the world.

Back in May, Ripple reportedly had a meeting with the central bank of Brazil, behind closed doors, to discuss “institutional matters.”

Source: https://cointelegraph.com/news/ripple-seeks-director-to-engage-with-central-banks-on-digital-currency

Leave a Reply

Your email address will not be published. Required fields are marked *

The following GDPR rules must be read and accepted:
This form collects your name, email and content so that we can keep track of the comments placed on the website. For more info check our privacy policy where you will get more info on where, how and why we store your data.

Play Games for Bitcoins or $/€

Read Full Review at Tunf.com