{"id":7255,"date":"2018-07-13T00:00:00","date_gmt":"2018-07-13T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/07\/13\/ripple-hires-facebook-executive-and-appoints-new-cto\/"},"modified":"2018-07-13T00:00:00","modified_gmt":"2018-07-13T00:00:00","slug":"ripple-hires-facebook-executive-and-appoints-new-cto","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ripple-hires-facebook-executive-and-appoints-new-cto\/","title":{"rendered":"Ripple hires Facebook executive and appoints new CTO"},"content":{"rendered":"
The blockchain fintech, Ripple announced Wednesday the appointment of another top executive from Facebook. This time, the company has hired Kahina Van Dyke<\/strong>, a banking industry veteran. Van Dyke was Facebook\u2019s global payments director. She has been appointed as Ripple new senior vice president of business and corporate development.<\/p>\n Ripple had earlier in December, last year hired Tom Channick to serve as its head of communications. Channick, who resumed in January 2, previously served as a corporate communications manager for Facebook’s<\/a> <\/strong>advertising and business integrity unit.<\/p>\n The company also announced that its head cryptographer, David Schwartz has been appointed as its chief technology officer.<\/strong><\/p>\n Ripple is currently on a campaign aimed at making financial institutions adopt its platform as a cross-border payment channel<\/strong> and hopes that the new appointments will add impetus to the company\u2019s aspiration of becoming an international payment platform.<\/p>\n <\/p>\n In an interview with Fortune, Van Dyke talked about her experience in getting banks adopt radical technologies such as apps and SMS communications, but added that making them adopt cryptocurrency payments will entail iteration, citing that banks will need persuasion to get comfortable with the concept of digital currencies.<\/a><\/strong><\/p>\n According to her, the present system of international funds transfer is due for shake up. She said the so-called web of correspondent banks needs an efficient, cheaper alternative such as Ripple<\/strong> provides.<\/p>\n She is of the opinion that the rate of innovativeness of the banking industry is rather slow compared to the fast-paced environment of Facebook , laying emphasis on the fact that international payments still take days and costs are unpredictable.<\/p>\n