Monica Long has been named the new president of Ripple, rising from the position of CEO. Long joined the company in 2013 as Director of Communications and last year expanded her role from Managing Director of RippleX, the company’s blockchain development arm, to Managing Director of the company as a whole, adding to her scope RippleNet, the financial network of the company.
Ripple’s presidency has so far been a somewhat nebulous role, having been attributed to co-founders Brad Garlinghouse and Chris Larsen at different times.
Long’s promotion comes at a good time for the company, as Long told Cointelegraph:
“It’s a job to keep climbing. […] We’ve weathered many winters [de criptomonedas]and with this, we come from a record year of business growth and customers.”
In this environment, “we continue to increase our team”, added.
Over half my professional career has been in crypto – and more importantly, at @Ripple. I’m incredibly honored and ready to hit the ground running as President. Thank you @bgarlinghouse and @chrislarsensf for the opportunity of a lifetime! https://t.co/7gXZJZwLNN
— Monica Long (@MonicaLongSF) January 27, 2023
Long joined Ripple when the company had just 10 employees. She spearheaded the development of the firm’s On-Demand Liquidity solution, described as “Ripple’s flagship product,” which launched in 2018. Ripple added an adjacent service called LiquidityHub last year, and the company will continue to expand that service, Long said. More than 60% of RippleNet’s payment volume was sent via ODL last year.
As for RippleX, Long said that an Automatic Market Maker specification will be up for a vote by validators this year.
Ripple is often in the news for its litigation with the United States Securities and Exchange Commission (SEC). The SEC has accused Ripple and its co-founders Garlinghouse and Larsen of making a $1.38 billion unregistered security offering and selling XRP XRP to retail investors as an unregistered security with its coin launch.
Garlinghouse told CNBC on January 18 that the company awaits a decision about the case this year.
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