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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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Ripple
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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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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