Tuesday, October 19, 2021
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Ripple looks for director to engage with central banks on digital currency

Ripple seeks to define its strategy regarding central bank digital currencies, or CBDCs.

As reported by cointelegraph, Ripple, the payment services using digital currency XRP, is looking for an expert specializing in central bank digital currencies (CBDCs).

According to a recent job posting by Ripple, the firm is looking for a senior director of central bank engagements focusing on supporting CBDC initiatives with Ripple’s real-time gross settlement system, XRP Ledger.

With the new occupation, Ripple is looking to define its CBDC plan with central banks, build relationships and projects, as well as educate central bankers around the world, the job posting notes. The position needs over 10 years of experience in technology sales or account management involving selling to big financial institutions or central banks.

The current job posting reaffirms Ripple’s intentions to implement its technology for expanding CBDCs. In September 2020, Ripple published a CBDC-related post, touting its payments network RippleNet as an obligatory tool for enabling interoperability between global CBDC initiatives. In August, Emi Yoshikawa, senior director of global operations at Ripple, declared that XRP will not compete with CBDCs but is rather complementary.

It’s unclear whether Ripple is involved in any of the ongoing CBDC pilots or not so far. However, the company has still been in touch with some central banks around the world.

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