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Ripple Poaches Kahina Van Dyke as their new VP and Promotes David Schwartz to CTO

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The San Francisco based Ripple, a company that specializes in enterprise level business software solutions now has Kahina Van Dyke as their new Senior Vice President in charge of Business and Corporate Development. This is a timely move for the company which in recent times has been trying to push different businesses to adopt their solutions and XRP, a liquidity tool needed for cross border payment. It also coincides with calls for further decentralization following SEC failure to conclusively give their stand on whether XRP is a utility or a security. The company insists that the latter is a utility and XRP can exist even if Ripple Labs collapses

Van Dyke Experience

Van Dyke comes on board as a proven leader in the banking industry and is not short of experience bringing with her insights from Facebook where she acted as Global Payment Director. She is known for her efforts in the banking sector and her push especially for financial institutions to adopt and integrate Apps and SMS for example to improve efficiency has been lauded. 

In an interview with Fortune, she said the current mode of money movement in use by banks is ready for a “shake-up”. Furthermore, she said cryptocurrency companies has Ripple should try more than once before banks and finance companies warm up to new technologies pitched.

Ripple Goes Global

As the announcement was made, David Schwartz-Ripple’s Head of Cryptography-will be promoted as the Chief Technical Officer. He replaces Stefan Thomas who’s retiring. In his statement, he acknowledged that the task of building an efficient, cost effective global blockchain based network solution for their customers is not easy. Hiring talent, he said, will be part and parcel of the process of making their mission a reality.

“Building a global network of financial institutions who are using blockchain-based solutions is no small task, but we have the technical folks at Ripple to make it a reality. We’re also going to hire a lot more of them”

The benefits of using blockchain and XRP in particular bodes well with millennials. Studies indicate that they are appreciate speed of which solutions as XRP brings on board. Not only is still beneficial for both parties involved in the transaction but there is cost saving by the companies utilizing Ripple network as recent Western Union demonstration shows. There, we say that the company could save up-to 70 percent of their costs when they use XRP as their on-demand liquidity provider.

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