Ripple is an American technology company that uses blockchain technology to process international money transfers and payments. The company wants to increase its global market value by utilizing the experience of expert Warren Jenson.
Warren Jenson has expressed his joy in joining Ripple. He added that he is very eager to join Ripple’s at a time when financial services are collaborating with cryptocurrencies and blockchain technologies. Ripple stated that cryptocurrency has the strength to revolutionize traditional finance, and this will lead to more transparency in financial transactions.
SEC Filed Case, XRP Token’s Fate Out Any Day
SECs has filed a case against Ripple for not registering the XRP token. Notice of defense is sent by Ripple. It claims fair on the grounds that the agency is not clear about the SEC definition. This is regarding the classification of cryptocurrencies as securities or commodities. Things are now at the stand, but the XRP token’s fate could be out any day.
Over four years ago, Former SEC official, William Hinman, delivered the speech. The speech document does not mention the classification of ether as a security. Ripple got the victory in sealing the speech documents of Hinman. This was published in Blockwork online publication.
Ripple Acquiring Metaco and Made Deal With Montenegro
A day after the Hinman ruling, Ripple declared that it was acquiring Metaco for $250 million. It is scheduled to happen within the next three years. Metaco is a Swiss-based institutional digital asset custody firm.
According to the Daily Hodl online publication, tokenization technology will be included. It will allow Ripple’s blue chip clients to custody, issue, and settle any type of tokenized asset. This hinted at the move of the company towards crypto custody. Because of this announcement, XRP has raised nearly 8%.
Ripple has also made a deal with Montenegro to launch a CBDC pilot program. Ripple launched the platform that is ideally purposed for CBDCs. This platform allows the central banks, financial institutions, and government to inquire and supply CBDCs.
The transaction and distribution of digital currency will become manageable. It is revealed through Blockwork that the CBDC platform is built on XRP Ledger, but does not need XRP to operate. They will help solve the problems for many central banks.
Crypto Hiring By Bitget and Mawon
Bitget, the trusted and secure exchange is open for hiring the members to enhance its global team. This is declared in the company’s first quarter 2023 transparency report. The May 17th report says that they have around 300 openings in BD operations, customer support, BD operations and R&D.
However, a report filed a month shows the little approach towards the goal. Although Bitget doubled its workforce in 2022 to 1300 employees. Blockwork, which gives news and insights about digital assets, clarifies that Bitget introduced a $200 million protection fund in August 2022. This fund will make sure to protect against the thefts and hacks related to bitcoin and tether.
An Australian bitcoin miner group, Mawon hired Sandy Harrison. He is appointed as the Vice President of Investor Relations. Harrison will look after the company’s involvement on ESC initiatives. Shima capital, a Web 3 venture capital firm, appointed Brandon Stahl as its new CFO in April.
More and more companies are using the blockchain technology for financial transactions of digital currency. This results in a rise in crypto hiring. The adequate manpower will compensate for both easy and transparent flow of work in the financial field.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/05/23/ripple-hired-warren-jenson-seeking-crypto-transactions-expansion/