- Ripple Assigns Ex Bank of America Executive Ben Melnicki as Head Of Regulatory Affairs in the U.S
- MoneyGram’s CEO Request the Urgent Implementation Of On-Demand Liquidity (ODL) Into More Markets
With the recent updates with Ripple Inc. the company recently took on board a new head of US Regulatory Affairs, this development came shortly after Ripple opened an office in Washington D.C close to the US regulators. The office according to Garlinghouse is to aid transactions and mass adoption of cryptocurrency around the globe. A former executive of Bank of America Ben Melnicki has been assigned by Ripple to represent the company with SEC.
Also on the implementation of Ripple’s On-demand liquidity (ODL) product, Ripple’s CEO Brad Garlinghouse states that MoneyGram’s CEO called him requesting for him to launch On-Demand liquidity into more markets.
Ben Melnicki recently announced his new position as the new representative for Ripple Inc. on regulatory board with SEC, this he announced on his twitter page. Going by his LinkedIn profile, his CV reads Global Regulatory Council at Blockchain crypto wallet provider, Chief Compliance Officer at Noble Bank International, Swap Dealer Compliance Director at Bank of America and other prominent ranking positions dealing with regulatory issues. Going by the information on his profile it appears Melnicki has been working for Ripple full-time for a month now.
So far, a receptive welcoming has been shown by the Ripple community to Melnicki, on his twitter page Melnicki stated: “Excited to join @Ripple as Americas Head of Regulatory Affairs! I look forward to working with policymakers and regulators to make an impact on the industry.” Ripple community is happy with this development as they see Melnicki as worthy of the position and would represent the company well.
MoneyGram’s CEO Request the Urgent Implementation Of On-Demand Liquidity (ODL) Into More Markets
At the recently concluded 2019 Fintech week, Ripple’s CEO Brad Garlinghouse states that he recently received a call from the head of MoneyGram. He stated that MoneyGram’s CEO was quite upset with “Ripple not moving fast enough” and have asked if they could launch the On-Demand liquidity into more markets. Garlinghouse went thus: “I got a call from MoneyGram CEO and he’s upset with us (Ripple) that we’re not moving fast enough… he wants to launch #ODL (#xRapid) in more corridors more quickly.”
Alongside the various development going on with Ripple, the company recently invested in the largest Latin America’s Mexican based crypto exchange Bitso to execute the On-demand liquidity product formerly known as xRapid.