Ripple Names Former US Treasury Official as Advisor

Ripple Ripple Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Read this Term Labs has named former US Department of the Treasury official Michael S. Barr as advisor.

Barr joins several other former high ranking US officials in advising Ripple, including Gene Sperling, Anja Manuel and Donald Donahue.

Barr is also a Senior Fellow at the Center for American Progress and at the Brookings Institution, Professor of Law at the University of Michigan Law School, Professor of Public Policy at the Gerald R. Ford School of Public Policy, and Faculty Director of the Center on Finance, Law and Policy.

He also serves on several advisory boards, including Lending Club, ideas42, Financial Solutions Lab, the FDIC Committee on Economic Inclusion, the Washington Center for Equitable Growth, and the U.S. Financial Diaries Project.

Barr is a strong advocate of employing FinTech to make financial systems more efficient and accessible to all. On joining Ripple's advisory board, he commented, "Our global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term system is badly outdated. I think innovation in payments can help make the financial system safer, reduce cost, and improve access and efficiency for consumers and businesses alike."

Ripple Labs' CEO and co-founder Chris Larsen said that Barr "has spent his entire career in pursuit of a more equitable and efficient financial system – within government, as an academic, and with many of today’s leading financial innovators. We will lean on his insights and expertise as we continue to build Ripple into a critical piece of the world’s financial technology infrastructure."