JAKARTA – XRP cryptocurrency developer, Ripple Labs, has recently succeeded in recruiting one of Mastercard's top brass named Sendi Young. He was appointed managing director to run Ripple's European operations.
Launching CoinDesk, Ripple announced the information in its official blog post by saying that Young will oversee the strategy and expansion of its technology network called RippleNet.
For your information, Young has worked at Mastercard for five years. At that time he was responsible for enhancing strategy, commercialization, bank-fintech partnerships, and business development of the company.
“As crypto and blockchain adoption (more) grows, more financial institutions, payment service providers, and small businesses are turning to trusted players in a field that can prepare them for a crypto-enabled future,” said General Manager of RippleNet. , Ashesh Birla.
Ripple's own party assesses the European market is very important for the development of the company. Ripple has had “tremendous” growth in transactions and customers from the region. The company reveals that a quarter of its customers are currently based in Europe.
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