Ripple Announces New Partnerships with Leading Financial Institutions
Craig Phillips Joins Ripple as Global Head of Regulatory Relations
Former Treasury Aide to Lead Ripple's Regulatory Compliance Efforts
SAN FRANCISCO, CA - September 15, 2021 - Ripple, a leading provider of enterprise blockchain solutions for global payments, today announced the appointment of Craig Phillips as its Global Head of Regulatory Relations. Phillips will be responsible for leading Ripple's regulatory compliance efforts and working with governments and regulators around the world to advance the adoption of blockchain technology.
Phillips brings over two decades of experience in financial regulation and policy to Ripple. He most recently served as a top aide to Treasury Secretary Steven Mnuchin before stepping down in June. Prior to that, he held senior positions at the Federal Reserve Bank of New York and the International Monetary Fund.
"We are thrilled to welcome Craig to the Ripple team," said Brad Garlinghouse, CEO of Ripple. "His deep understanding of financial regulation and his experience working with governments and regulators around the world will be invaluable as we continue to grow our business and advance the adoption of blockchain technology."
Phillips said he was drawn to Ripple's mission of using blockchain technology to make global payments faster, cheaper, and more transparent. "I believe that blockchain has the potential to revolutionize the financial industry, and I am excited to join Ripple to help make that happen," he said.
Ripple is also announcing today new partnerships with several leading financial institutions, including Banco Santander, Standard Chartered, and SBI Holdings. These partnerships will enable these institutions to use Ripple's blockchain technology to offer faster and more efficient cross-border payments to their customers.
"We are seeing growing interest from financial institutions around the world in using blockchain technology to improve their cross-border payment operations," said Garlinghouse. "These new partnerships are a testament to the value that Ripple's blockchain solutions can provide to the financial industry."
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