Blockchain-Based Ripple CEO Chris Larsen Steps Down

Ripple to get a new CEO in the form of Brad Garlinghouse as Chris Larsen plans to step down from his current position by the end of this year. Ripple Labs, a blockchain-based payment company, will soon have a new CEO. The impending change of guard was announced earlier today by the company. According to the brief, the chief executive officer and co-founder of Ripple, Chris Larsen will be replaced by the current president and chief operating officer Brad Garlinghouse at the end of this year. After giving up the mantle, Chris Larsen will continue to serve as one of the platform’s Board of....

There's soon to be a new man in charge of distributed ledger startup Ripple. Six years and almost $100m after CEO Chris Larsen joined the aspiring Swift alternative, he's handing over the reins to the company's president, Brad Garlinghouse. Larsen positioned the appointment as part of Ripple’s overall plans to grow, but both executives stopped short of saying it was part of an more formal exit strategy. Larsen told CoinDesk: "We’ve got this great position and now we want to jump to the next lily pad, which is scaling." In Larsen’s new role as executive chairman — an employee....

Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other types of consensus algorithms have been effective at being secure while only “using a tiny fraction of the energy.” Ripple Cofounder Believes Crypto Networks Leveraging Proof-of-Work Should Consider Alternatives While the global economy struggles after a year of Covid-19 lockdowns and....

Ripple co-founder Chris Larsen said the firm is considering moving to the U.K., Switzerland, Singapore, or Japan. Ripple is considering relocating to Europe or Asia amid growing frustration at the lack of regulatory clarity in the United States.Speaking to Fortune Magazine’s Jeff John Roberts at the Oct. 6 LA Blockchain Summit, Ripple co-founder Chris Larsen said the United States was “woefully behind” in preparing for the cryptocurrency-based next generation of a global financial system. Coupled with U.S. authorities’ policy on “regulation through enforcement” and Ripple may consider....

The price of XRP is on the rise again following the resignation of a key Ripple Labs board member and subsequent charitable commitment by its CEO Chris Larsen. Late last week, Kraken CEO Jesse Powell resigned from the board of the San Francisco-based payment network provider. However, the decision also returned attention to a long-contentious issue surrounding the company, the allocation of large portions of Ripple's native currency - XRP - to founders. As a result of the decision, Ripple Labs CEO Chris Larsen has committed to donate large portion of the digital currency he owns to a....