Ripple Set To Hire New Executive To Strengthen CBDC Strategy
One thing that has changed drastically when compared to previous patterns in the perception and sentiment of the digital assets market. Taking a look at the crypto market, one can notice that the industry is now gradually warming its way into people’s hearts and being accepted by all and sundry.
Of all the parties that have accepted crypto this year, one can argue that institutional investors are the ones that have championed the cause the most, as even regulators across the globe are now softening their stance on the crypto industry. However, while those are a welcome development, the most surprising aspect in the digital assets market is the emergence and subsequent massive acceptance that Central Bank Digital Currencies (CBDC) has received.
Ripple wants to strengthen partnerships with Central Banks globally
In light of this development as regards CBDCs, Ripple has announced that it is currently looking for a new executive member who will shoulder a specific job in its latest venture into CBDCs. According to Ripple’s latest job listing, the firm said that it is currently on the lookout for a Senior Director of Central Bank Engagements.
In the job description, the firm said the executive would act as the bridge in the partnerships between Ripple and Central Banks across the globe. The executive will also be in charge of regulatory relations and marketing that will focus on ways that the firm will come up with a CBDC strategy.
Furthermore, the description notes that any person who will fill the position must be ready to prove that people can base their trust in him and follow his directives. Finally, the firm also states that the individual must be prepared to prove that he has a vast knowledge of relevant regulations and how to tackle issues arising from those regulations.
Ripple wants to be the bridge between fiat and CBDCs
In a recent interview that the CTO of Ripple, David Schwartz, granted, he disclosed that Ripple is focused on making XRP become the link between fiat currencies and CBDCs across the globe. This means that by appointing somebody that fits the position, Ripple is following this strategy seriously.
The CTO mentioned in the interview that Ripple wants to be the natural assets that Central banks across the globe need to facilitate all their payments across borders. Furthermore, he said Ripple also wants XRP to be the asset that financial institutions and private bodies can bank on to make fast settlements and liquidity across the border.
One interesting thing is that the United States is currently working on getting the right CBDC other than focusing on being the first country to issue a working CBDC, according to the Federal Reserve Chairman, Jerome Powell. As it stands now, the United States is yet to confirm whether or not it will issue a CBDC soon or the country will adopt an asset to bridge the gap for now.
However, Ripple has said that the job description also requires that whoever fills this position would lead the firm’s strategy to build a relationship and educate banks worldwide. The candidate should also be able to seal partnerships with financial outfits, manage and build products that will help them.
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