Rosie Rios (Picture: Ripple web site)
NEW DELHI: Blockchain start-up Ripple has appointed former US treasurer Rosie Rios to its board of administrators. Rios, the forty third treasurer of the US, had served underneath President Barack Obama.
The beginning-up has additionally named Kristina Campbell, beforehand an government at fintech companies Inexperienced Dot and PayNearMe, as its chief monetary officer (CFO).
San Francisco-based Ripple makes use of blockchain expertise to ship cash throughout borders for banks and different monetary establishments, touting its platform as a extra environment friendly different to the interbank messaging community SWIFT.
But it surely additionally makes use of XRP, a digital asset it says can act as a “bridge foreign money” for changing one foreign money to a different in a matter of seconds.