Ripple has hired a new managing director for Europe, to oversee all European banking partnerships and expansion efforts. The new hire is James Stevenson, who worked at Mastercard for over a decade. Stevenson is a former senior vice president of payments, and has been with the company since 1996.

Ripple has named a former Mastercard executive, David O’Brien, as its new European managing director, part of growing efforts to build the cryptocurrency company’s business in the region.

Ripple, the company behind the popular cryptocurrency XRP, has appointed a former Mastercard executive as its new managing director for Europe. Adam Ludwin and his team will be based in London and will be tasked with leading the effort to grow the adoption of XRP in Europe.. Read more about xrp and let us know what you think.

Ripple appoints former Mastercard executive, as managing director for Europe

As part of a rapid global expansion, Ripple Labs has added Sandy Young to its management team.

Who’s Sandy Young?

Sandi Yang previously worked for global payments giant Mastercard. In her five years with the company, Sandy has held a number of key positions, from management to strategy. She has helped Mastercard identify and successfully develop partnerships between the bank and fintech companies, marketing and global business development.

Ripple appoints former Mastercard executive, as managing director for Europe

Most recently, she also led Mastercard’s global Fintech & Digital segment within Data & Services. By providing relevant services to banks, it has enabled them to make payments in real time.

Sandy’s role in Ripple:

At Ripple, Sandy will be the Managing Director of Ripple’s European operations. A blog post from Ripple states that as CEO, Sandy will oversee the expansion of RippleNet, Ripple’s global financial networking technology.

RippleNet is a blockchain-based payment network that allows institutions to make cheap and secure direct payments through APIs.

Speaking about her role at Ripple, Sandy said.

However, basic banking and payments infrastructure remains a barrier to transparent cross-border value exchange and inclusion. I firmly believe that blockchain and cryptocurrencies will be a game changer for modern finance by removing their biggest inefficiencies.

Ripple expansion in Europe:

According to the report, Ripple has experienced significant growth in Europe this year. RippleNet’s ODL [on-demand liquidity] transactions are up 250% on the mainland since the start of 2021. As a result, 40% of all RippleNet ODL transactions now take place in European countries.

Finally, Ripple continues to grow globally, despite the critical losses it has suffered as a result of the SEC lawsuit. Ripple not only has a strong presence in Europe, but is also a major player in Asia.Ripple is a blockchain start-up that focuses on integrating blockchain into real-world use cases. Its solutions for remittance and banking are of particular interest to European financial institutions. Ripple announced today that it has appointed a new managing director for Europe.. Read more about is xrp a good investment 2021 and let us know what you think.

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