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Here Is How Ripple’s New Senior V.P, formerly at Facebook, will Hit the Ground Running

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Anyone who has gone through the job interview process and succeeds in getting that new position, knows that being selected means that your new employer believes in your ability. They have probably checked and verified your academic, professional, and sometimes personal background. The Ripple Company has recently welcomed a new Senior Vice President in Business and Corporate Development, Ms. Kahina Van Dyke.

Ms. Van Dyke has over 20 years of experience in banking and technology and will focus on driving new and strategic partnerships for Ripple across the global financial industry.

Her track record in banking and technology includes the following:

  • Working at Mastercard and Citibank
  • Most recently, at Facebook where she led the Global Financial Services team and spearheaded the connection of people around the world to financial services they never had before
  • Forged partnerships while at Facebook with Citibank, PayPal, TD Ameritrade, Visa, Western Union and others. This, in turn, connected people in Asia, Europe, Middle East, Africa and North America helping to provide easier access to their bank accounts and send payments on the platform
  • She spearheaded the partnership between Facebook and Mastercard that enabled micro-payments on the social media platform and further financially connecting more users in Africa

It is with this background in partnerships, finance, and banking, that Ms. Van Dyke will hit the ground running at Ripple as the newest Senior V.P in Banking and Corporate Development.

She is quoted as saying that:

“The correspondent banking networks underpinning today’s global payments were built nearly 40 years ago and designed to accommodate large, corporate payments…we need a new global technology solution for international payments that offers interoperability with existing systems, connecting them and leveraging their value.”

That new global technology solution exists through the various products Ripple offers of xCurrent, xVia, xRapid and allowing banks and remittance service providers to join the RippleNet.

When asked why she joined Ripple, Ms. Van Dyke stated that:

“Ripple provides a real solution for eliminating the friction in cross-border payments. Together, with our partners, we can reduce friction and deliver better options for individuals, businesses and financial institutions. It’s an exciting time in the industry — and I feel very fortunate to be a part of creating the next generation of global payments.”

With the last statement above, Ms. Van Dyke is sure to hit the ground running at Ripple to forge the best partnerships across the globe as well as spearheading financial inclusion to the un-banked in a manner similar to how the facebook/Mastercard partnership brought micropayment services to Africa.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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How is the Crypto Market Changing?

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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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