Ripple Secures the Services of Former HSBC Exec, Marcus Treacher

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, a provider of financial settlement solutions, has appointed 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 veteran, Marcus Treacher as its newest Global Head of Strategic Accounts with immediate effect, according to a Ripple statement.

Mr. Treacher joins Ripple after garnering more than three decades of experience in the transaction banking and payments space, including a lengthy stint at HSBC. In his new role as the Global Head of Strategic Accounts at Ripple, Mr. Treacher will be based out of the group’s London headquarters, where he will work to implement and commercialize Ripple’s distributed financial technology on a global scale.

He joins Ripple from HSBC, having worked there in a variety of senior level roles over the past few years. Most recently he held the position of Head of Innovation, Global Payments & Cash Management, as well as its Global Head of eCommerce & Digital Channels and Global Head of Client Experience, dating back to 2009.

Additional stops also include Citi, where he served as its Head of eChannels and IT Executive, both relegated to the EMEA region, according to information made public on his Linkedin profile. He has also been an active member of SWIFT’s Global Board since 2010.

According to Mr. Treacher in a recent statement on the appointment: “Since the early days of the web, I’ve been exploring how new technology can impact and improve banking. Ripple stood out to me as a company that has both the vision and the expertise to truly transform the future of banking and payments, and I’m excited to join the team during this important moment in time where banks are starting to see the need for these advancements to better serve their customers.”

“Marcus brings a tremendous amount of experience working within financial institutions to implement and create better systems for payments, and we’re proud to have him join our team. Throughout his career he’s created new roles and initiatives to help banks stay ahead of the trends, and his insights and expertise will be invaluable as we help our customers improve the way value moves around the world,” added Ripple’s Chief Executive Officer (CEO) and co-founder Chris Larsen in an accompanying statement.