Another Finance Veteran Joins Ripple Labs as Advisor
Ripple Labs recently announced the inclusion of Donald Donahue, former CEO of The Depository Trust & Clearing Corporation (CDCC), into their long list of advisors. Like every time, the payment protocol company is hoping to bring a wealth of knowledge to its cross border transaction services. Donahue, who is nothing short of a veteran when it comes to settling vast amount of security transactions, promises to provide just the same to this emerging next-generation firm. As Ripple Labs acknowledges, "Donahue brings deep financial services infrastructure technology knowledge and security....
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Ripple Labs, the creators and developers of the Ripple network, have appointed Donald Donahue, former CEO of The Depository Trust & Clearing Corporation (DTCC), as an adviser. The new addition to the advisory board comes amid the digital currency startup's efforts to push adoption of the Ripple payment network onto banks and financial institutions. DTCC is one of the largest clearing houses of securities and derivatives in the United States, processing $1.6 quadrillion worth of transactions last year. It is also one of the largest clearing houses in the world. "I'm very interested in the....
Image via Stanford University. San Francisco-based Ripple Labs, the startup behind the digital payment network Ripple, has appointed a former US State Department official as an advisor. Speaking about her new role, Anja Manuel said she was excited to build on Ripple's "impressive momentum" and looking forward to help it gain international traction. "Ripple is uniquely designed to lower both the costs and risks inherent to domestic and cross-border payment systems," she added. The former US State Department official said: "It has the potential to expand the global economy through increased....
Ripple Labs has named a former economic advisor to both former President Bill Clinton and current President Barack Obama to its board of directors. Gene Sperling served as director of the National Economic Council during the Clinton years. He was later made head of the economic advisory group under Obama after serving as an advisor to then-Treasury Secretary Timothy Geithner. He resigned from the directorship of the NEC in March of last year. In a statement, Sperling said that he looks forward to helping promote the Ripple network on a broader scale, noting: "I am excited to join Ripple....
San Francisco-based Ripple Labs, the startup behind the digital payment network Ripple, has joined the International Payments Framework Association (IFPA). The Association, whose members include the likes of ACH, NACHA and SWIFT, provides rule sets, best practices and guidance on how to improve cross-border payments. Nilesh Dusane, director of business development at Ripple Labs, said that the company was
Digital currency startup Ripple Labs has appointed Donald Donahue, former CEO of the Depository Trust & Clearing Corporation (DTCC) as an advisor to the company. DTCC is the main clearing house for US securities and derivatives, processing more than $1.6 quadrillion in transactions per year. In his role as COO and then CEO, Donahue is thought to have led the DTCC's efforts in stabilising the financial system following the 2007-08 market crash. Donahue said in a company statement: