• Ripple Labs has appointed Monica Long as its new president.
• Long has been with Ripple since 2013, serving as senior vice president, general manager and communications director.
• As president, Long will lead the development of Ripple’s On-Demand Liquidity (ODL) solution and Liquidity Hub.
Ripple Elevates Monica Long to President
Ripple Labs has announced the promotion of Monica Long to the company’s highest office – that of president. After seven years of service at Ripple, including stints as senior vice president and general manager, Long ascends into her new role just as the US Securities and Exchange Commission’s legal case against Ripple continues.
Long’s Professional Background
Monica Long joined Ripple back in 2013 when there were only 10 employees in total. She started out as communications director, a position she held for seven years until her promotion to general manager in 2020. During her tenure at Ripple, she also served on the blockchain development side of their business – both at RippleX and their financial network, RippleNet.
Development Of Flagship Products
As part of her responsibilities as general manager, Long led the development of On-Demand Liquidity (ODL), launched by Ripple in 2018 and considered their flagship product. Similarly, they added a similar service under the name Liquidity Hub last year – which saw over 60% of all payment volume sent through ODL during 2021.
Monica’s Reaction To Appointment
Commenting on her appointment to President with enthusiasm, Monica said: „Over half my professional career has been in crypto – and more importantly, at @Ripple… I am incredibly honored to [have] this opportunity.“ Her sentiment was echoed by CEO Brad Garlinghouse who expressed his appreciation for her contributions so far: “Even in this challenging crypto environment…she [has] helped guide us to a place of growth and financial strength.“
Conclusion
As it stands now, Monica Long is settling into her new role at a crucial time for Ripple with the SEC lawsuit looming large over them. With already established experience within cryptography and many years of service under her belt at Ripple Labs itself – it looks like they have made an excellent decision for their future prospects.