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Ripple hires a senior Uber executive to expand into Southeast Asia

Posted on November 12, 2022 by admin

Ripple hires a senior Uber executive to expand into Southeast Asia

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Answer Ripple hires a senior Uber executive to expand into Southeast Asia

Brooks Entwistle, the former chief operating officer of Uber, has joined Ripple to expand the company’s operations in Southeast Asia.

Brooks will operate from Ripple’s regional headquarters in Singapore.

Prior to his job at Uber, Brooks spent more than 18 years at Goldman Sachs, where he rose from associate to managing director and head of the giant banking unit in Southeast Asia.

in Posted by On LinkedIn, he wrote that moving to Ripple, a fintech and cryptocurrency company, was an obvious choice for him:

Due to the more than two decades we have spent living and working in Asia.

Expanding the reach of financial services and technology firms across this dynamic region, moving to a crypto and fintech company was the obvious choice.

Read:Expert warns that CBDCs will not have the same advantages as Bitcoin

According to Ripple, it had a tenfold increase in transactions on RippleNet last year in Southeast Asia.

Ripple also signed two times more deals in 2020 than in 2019.

Recently, Ripple signed with Singapore-based BKK Forex.

in meet him The latter with Reuters, Ripple CEO Brad Garlinghouse said his company is able to continue its growth in Asia due to regulatory clarity.

As a reminder, the SEC case against Ripple is still ongoing in the United States of America, which negatively affected the performance of the digital currency XRP, which did not keep pace with the upward movement taking place in the market.

Read:A simple guide to the savings and lending system on the Binance platform

Read also:

Bitcoin fails to surpass the $60,000 level, correcting down to $57,000…what’s the next step?

The total cryptocurrency market value is close to $2 trillion


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