Published on July 12th, 2018 | by bitcoin0
Former Facebook Exec Joins Ripple
Ripple, the company behind the third largest cryptocurrency by market cap, has recently employed Kahina Van Dyke as the new senior vice president of business and corporate development, according an official statement July 11.
At the new position Van Dyke will be responsible for providing Ripple with strategic partnerships for international financial services, focusing on the development of “a new global technology solution for international payments.” Van Dyke has joined Ripple to “[eliminate] the friction in cross-border payments” by “establishing partnerships and applying technology to change an industry,” she said in the press release.
According to her LinkedIn profile, Van Dyke served as Global Director of Financial Services and Payment Partnerships at Facebook for more than two years, developing new payment solutions and financial services.
While working at Facebook, Van Dyke managed partnerships with such major companies as Citibank, PayPal, Visa, Western Union, and others, having provided financial solutions for more than 50 countries.
Previously in June, Ripple chief cryptographer David Schwartz claimed that banks are unlikely to deploy the crypto’s underlying technology of blockchain to process international payments, citing low scalability and privacy problems.