2022-6-10 15:18 |
Monica Long to head RippleNet due to retirement from Asheesh Birla.
In connection with the departure from the daily work at Asheesh Birla, Monica Long will now lead RippleNet. She will also retain the leadership of RippleX.
Asheesh Birla commented on this:
After ~9 amazing years I’ve decided to wrap up my day job at @Ripple. Luckily, I’m not going far as I join the Board of Directors, where I’ll continue to provide input on company vision + strategy. I haven’t decided what’s next, but plan to continuing BUIDL in crypto :)
He also nostalgic about the past of the company:
When I started… Largest crypto exchange: Mt Gox vs Binance Daily volume: $2m vs $70B Market cap: $1.6B vs $1.3T This is an early picture of the team in our first-ever office!
Within a few weeks of joining, Stripe tried to acquire us. Ultimately the deal fell apart shortly after this dinner at El Tepa Taqueria in SF, but who knows what crypto would look like today if Stripe had gotten into the industry in 2013.
When he was at Bitcoin Magazine, Vitalik worked out of our office in Dec 2013. I remember him talking about early smart contract concepts. We made him an offer to be an intern at Ripple but couldn’t get the Visa sorted out, and he’d later speak at our first Swell conference.
2013 – we piloted RipplePay, a functional credit card where you could use XRP to make everyday purchases, using the XRPL DEX to convert any currency in your XRPL wallet into USD. Unfortunately, no card network was willing to come within a 10-foot pole of crypto at the time.
When RippleNet first launched crypto liquidity in the market was too limited to support crypto-enabled payments at scale, so we laid the foundation for RN w/ fiat first, while continuing to iterate on a product that would also use crypto liquidity when the timing was right.
In 2018, the timing was finally right for the first production ODL transaction (FKA xRapid). This was a huge milestone launching the first production cross-border use case that leveraged crypto at scale, despite lots of external skepticism.
Also in 2018 – @hodges
hosted an amazing crypto dinner in April with @twobitidiot
, @DaveBalter
, @GaryGensler
and others. Selkis was a lot nicer in-person & Gary Gensler was interested in learning about the intersection of crypto and finance (what happened?).
Back to Ripple…I’m incredibly proud of the RN team as RippleNet continues to hit new milestones. In 2021, we previewed new alpha products like Liquidity Hub and RippleNet hit 1 billion in monthly volume. We’ve gone from 3 to 25+ payout markets for XRP-powered payments today.
Lastly, I want to thank @chrislarsensf and @bgarlinghouse who gave me invaluable opportunities and many, many lessons learned along the way at Ripple. I’m honored to join the Board and continue being a part of the company. (Photo: Brad’s first day at Ripple)
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