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Cryptoknowmics 2022-06-10 11:44:08

Asheesh Birla, General manager of RippleNet, is Stepping Down

Asheesh Birla, the general manager of RippleNet, has announced his plan to leave his day job. While Birla has not yet decided on his next career path, he will now serve on Ripple’s Board of Directors alongside former US Treasury Secretary Rosie Rios and JPMorgan veteran Sandie O’Connor. 1/ After ~9 amazing years I’ve decided to wrap up my day job at @Ripple. Luckily, I’m not going far as I join the Board of Directors, where I’ll continue to provide input on company vision + strategy. I haven’t decided what’s next, but plan to continuing BUIDL in crypto 🙂 — Asheesh Birla (@ashgoblue) June 9, 2022 According to CEO Brad Garlinghouse, after Asheesh Birla, Monica Long, another long-time executive, will now head both RippleNet and RippleX. Birla had an incredible impact on the organization, according to Garlinghouse. Birla began working for the San Francisco-based firm in 2013. He was a founding member of the company and was in charge of creating blockchain-based cross-border payment solutions. Stripe Attempted to Acquire Ripple Ripple was only a modest start-up when Birla joined. Cryptography was still a novel concept back then. The now-defunct Mt. Gox exchange, the market leader at the time, was barely handling $2 million in daily transactions. In comparison to today’s $1.3 trillion, the whole crypto market cap was only $1.6 billion. Stripe attempted to purchase Ripple in 2013, but the deal fell through. The company’s debut of th...

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