Ripple Appoints Monica Long To Become A New President

Ripple appoints a new president. (Photo; Doc. Siamblockchain)

JAKARTA Ripple, a crypto payment company, has announced that former Senior Vice President and General Manager Monica Long have been appointed as the new president. Long has joined the company for nine years and is expected to be a strong leader in directing Ripple towards a successful future.

In a press release released, the Long team was credited with launching On-Demand Liquidity (ODL), one of Ripple's main products that uses XRP. This product is currently available in more than 40 countries through networks of partners worldwide.

The latest quarter report shows that the XRP crypto turnover through the ODL corridor is around US$2.8 billion, with net sales of XRP of US$311 million. In addition, the total volume of payments through RippleNet currently reaches 30 billion US dollars.

"Starting this year in a high tone - we are very happy to share that the old GM @MonicaLongSF is now President! Read more about his appointment," wrote Ripple Twitter account (@Ripple) January 27, 2023

According to a U.Today report, Monica Long stated that Ripple will continue to dig deeper into the field of crypto services focused on liquidity, completion, and storage. The same will most likely apply to XRP Ledger, which in its development Long is involved, serving as general manager of RippleX.

According to Ripple's announcement, Monica Long has been appointed as the new president because she has contributed to the company for nine years. Long is claimed to have been a very effective leader in developing the Ripple ecosystem.

He managed to unite the two ecosystem hemispheres and have extensive expertise in payment and blockchain. Under his leadership, the first phase of EVM sidechain development was successfully implemented and NFT in XRPL emerged after the introduction of the XLS-20 amendment.

Despite Long's appointment as new president of Ripple, the company is still facing lawsuits by the US Securities and Exchange Commission (SEC). At the same time, Ripple itself is optimistic that it will win a lawsuit against US regulators.