Ripple Searches for Technical VP as SBI Plans STO. Right now, the current infrastructure that is holding the traditional banking system in place is SWIFT.
Ripple intends to make SWIFT obsolete and Become the new global system for local and cross-border remittance. SWIFT is expensive and transactions on through SWIFT are incredibly slow. Ripple offers a low-cost remittance option that is instant. However, Ripple’s infrastructure is still far from reach global adoption and some flaws need to be fixed. The VP will supervise possible flaws on the network.
The vice president of technical operations will lead the strategy for the work of the blockchain behemoth Ripple. He or she will provide guidance and leadership for the implementation of tools and services that their developers need to build new products. The qualified candidate will also handle retaining and hiring the best talent money can buy in the blockchain industry.
In other news, Ripple’s partner SBI is making plans to host an STO in collaboration with ibet. SBI is one of the strongest partners under the RippleNet umbrella. This will be the first Security Token Offering SBI will host since it started investing in blockchain technology.
STO is a form of fundraising model that is just like IPOs but involves security tokens instead of regular altcoins. SBI has noted that they decided to invest in STOs after a thorough revision of many exchange acts and financial instruments. SBI posted a detailed article about what the STO will involve. The STO will take place on the 30th of October 2020.
- Ripple is Currently Looking For a New Vice President of Technical Operations
- Ripple’s Partner SBI Plans An STO Through ibet
- Ripple XRP Has Found Relative Stability Above the $0.2500 Level
Ripple News Today – Ripple is looking for a new vice president for technical operations that will lead the way in their expansion plans and improve existing products and services. The job posting was shared by the Senior Director of Global Talent Acquisition at Ripple, Jim Chauncey-Kelly.
According to the job posting, the successful candidate will lead the entire technical team. This includes network operations, IT engineering, and IT support among others. These departments have teams in different parts of the world who work remotely for Ripple.
XRP Price Prediction – Ripple XRP Has Found Relative Stability Above the $0.2500 Level
At the time of writing, the price of the XRP token was $0.251253. This means that it is up by 0.23% against the USD but down by 1.20% against Bitcoin BTC. The trading volume over a 24 hour period was $2,094,387,055 and the market capitalization was $11,347,188,558. The token has found some stability above the $0.2500 level.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.