Cryptocurrency Company Ripple Hires Former Facebook Executive Kahina Van Dyke
Scroll DownThe company that’s the behind the third most prominent cryptocurrency according to the market capitalization is Ripple, and on July 11th, they released a statement saying they’ve just hired Kahina Van Dyke into their senior vice president of business and corporate development position. Van Dyke has a background of experience spanning more than two decades in banking and fintech, and a look at her profile on LinkedIn shows she’s been in top positions at both Facebook and Mastercard. At the former, she was the Global Director of Financial Services and Payment Partnerships, a job she held for more than a couple of years. In that position, she worked at establishing and growing new payment options and financial services. Van Dyke also handled major corporation partnerships with clients like Citibank, PayPal and Visa along with others, and she’s worked out financial solutions in a wide range of countries. In Van Dyke’s latest job, she will carry the burden of connecting Ripple with partners that hone in on “a new global technology solution”. Her partnership with Ripple is designed to apply “…technology to change an industry”. She believes that today’s system for accommodating cross-border transactions is antiquated and one of the most difficult problems to solve in the field as it doesn’t meet today’s business needs. Providing both consumers and corporate entities with a smooth system for transacting any amount of money quickly with a low cost is Van Dyke’s current focus. Her strong belief is that things should be “nimble and transparent” because the system now used is more than 40 years old and is no longer fitted to what’s needed in our high-speed society. A month ago, the number one cryptographer, David Schwartz, stated that banks aren’t likely to set up the blockchain technology behind crypto, and he says that’s due to privacy issues and other problems. A study put out by Imperial College and eToro says that Bitcoin and other cryptos may possibly develop into a mainstream payment method because the avoid the difficulties of cross-border transactions.
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