Ripple looking to hire director to support CBDC initiatives. Ripple, the payment services using digital currency XRP, is looking to appoint an expert specializing in central bank digital currencies.
According to a recent job posting by Ripple, the firm is seeking a senior director of central bank engagements focusing on supporting CBDC initiatives with Ripple’s real-time gross settlement system, XRP Ledger.
With this new position, Ripple seeks to define its CBDC strategy with central banks, to develop relationships and initiatives, as well as to inform global central bankers on job posting notes. The job requires more than 10 years of experience in technology sales or accounting management involving selling to large financial institutions or central banks.
The latest job posting reaffirms Ripple’s intentions to implement its technology for developing CBDCs. In September 2020, Ripple published a CBDC-related post, touting its payments network RippleNet as a necessary tool for enabling interoperability between global CBDC initiatives. In August, Emi Yoshikawa, senior director of global operations at Ripple, alleged that XRP will not compete with CBDCs but is rather complementary.
It is unclear whether or not Ripple has participated in any of the latest CBDC pilots. However the organisation is also in contact with some of the global central banks. Ripple reportedly held a closed-door meeting with the Central Bank of Brazil in May 2020 to discuss “institutional matters.”