The Ripple network, which is considered the main competitor of the SWIFT global payment system, has just onboarded a new engineer that will be working to raise the quality of customer service via improving the quality code.
We’re excited to welcome @vidyamani as VP Engineering, RippleNet!
On the latest Insights, read why she joined Ripple. https://t.co/4KgzLZTl5h
— Ripple (@Ripple) June 29, 2020
The company hired Ex-Director of Engineering at Braintree payment company, Vidya Mani, with an experience over the last 6 years in this sphere as the new VP engineer at RippleNet.
Mani said he’ll be joining Ripple to help the company reform its global payments infrastructure. Also, Mani pledge his commitment to the company, adding that he’ll be working in developing end customers experience via quality code development.
“Transforming the global payments infrastructure and improving the end customer experience through quality code was my main focus the last six years — and remains my focus at Ripple,” says Vidya Mani VP Engineering at Ripple.
Although the pandemic crisis did not hit Ripple’s business, the payment company takes things very seriously concerning hiring. According to Ripple’s lead, Brad Garlinghouse, about 575 employees will be in the company’s staff, although it was originally planned that the staff would be expanded to 560 employees at the end of 2020.
Also, as noted in the report “trust, speed, security, and high-quality technology aspects are what set Ripple apart in the industry”.
Thus, with the rise of the quality code, the whole system will be improved, and this will help the payment company get more acceptance among commercial entities.
Ripple Business Growth
Note that more and more companies prefer RippleNet because of its increased transparency and speed of transactions.
Already many commercial banks such as Banco Santander and PNC use Ripple software for cross-border payments, but do not use XRP for settlements.
SCB joined the Ripple payment network in early 2020. In March, the bank announced to add RippleNet support to its mobile application so that its customers could “make cheap and instant cross-border payments.”
NBE was the first bank in Egypt to use Ripple blockchain technology in its operations. Representatives of the financial organization explained the decision to use RippleNet by their desire to expedite cross-border payments, while at the same time making them more accessible.
Currently, ODL is actively used in several companies, including MoneyGram money transfer service. About 10% of the organization’s transactions between the USA and Mexico are carried out with XRP.
At the same time, the Ripple (XRP) is better adapted for payments than Bitcoin or Ethereum cryptocurrency. This is due to the high transaction speed in XRP and the low power consumption of the entire system.
Recall, according to the latest data during the first quarter of 2020, the volume of transactions processed by the RippleNet payment network increased by 85%. Over the same period, the On-Demand Liquidity (ODL) system grew by 190%.
Brad Garlinghouse noted that in the first quarter of 2020, Ripple has got a strong impetus for development. According to him, more than 300 financial institutions around the world have already connected to the RippleNet payment network.
Now, with new employees, the company must achieve even better business results. And the experience of VP Engineering at Ripple should contribute to this.