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KanaiyaThacker

Ripple Appoints Former New York State Superintendent of Financial Services Benjamin Lawsky to Its Board and Ron Will as CFO

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Significance as to just how smart/strategic this move is only takes a little bit of thought...

R3 lawsuit anyone? ;)

 

After delaware, when R3 bought their case to New York and Ripple bought their countersuit in California, I read somewhere the reasoning behind those locations were they favoured each company respectively given local state laws. i.e. in New York Ripple could be on the back foot and R3 would be similar in California because it would be vice versa there.

Solution? Bring on someone with the financial AND legal knowledge and connections specific to the state of New York to go on the offensive.

 

VERY clever and timely hire. Genius in fact. :)

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15 minutes ago, KanaiyaThacker said:

Nice find... I am intrigued that Ripple used "Business Wire" for this announcement and not their usual distribution list off their web site. This feels like they are moving into a serious mode for communicating "official" news. 

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22 minutes ago, fareed said:

Significance as to just how smart/strategic this move is only takes a little bit of thought...

R3 lawsuit anyone? ;)

Just, might be so, as a sort of side effect.
But really, I do not think so.
It is a move to strengthen Ripples ability to accomplish the companys long term goal.

Edited by zenkert

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Just now, zenkert said:

Just, may be so. But really, I do not think so. It is a move to strengthen Ripples ability to accomplish the companys long term goal.

Oh I definitely dont disagree with that, and Im sure he would bring that to the table as well.

 Its the timing given that the case thrown out of delaware recently and R3 then bringing their case in New York. 

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Quote

 I’ve been most excited when working with hyper-growth companies, and as Ripple keeps bringing on customers like American Express and over 100 other financial institutions, it’s clear that this is one of those rare opportunities

:dance4:

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5 minutes ago, fareed said:

Its the timing given that the case thrown out of delaware recently and R3 then bringing their case in New York.

Just 4 Fun then. It´s almost like sending a message to R3. Don´t even try. Look who we have aboard now! :D

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32 minutes ago, Bagheera said:

Nice find... I am intrigued that Ripple used "Business Wire" for this announcement and not their usual distribution list off their web site. This feels like they are moving into a serious mode for communicating "official" news. 

Liking this quote from the official press release 

"Lawsky and Will will play central roles in Ripple’s mission to achieve frictionless cross-border payments through the increased use of the digital asset XRP by financial institutions around the world".

https://ripple.com/ripple_press/ripple-appoints-former-new-york-state-superintendent-financial-services-benjamin-lawsky-board-ron-will-cfo/

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6 hours ago, Byrd said:

Ron Will has lots of M&A experience!

 

Well, Brad did say that he wanted to utilized Ripple's 15-billion XRP war chest for M&A or partner with other fintech rivals. Maybe Ron Will is the guy to help facilitate these actions  :yess:

Blockchain company Ripple says it has $15bn war chest: https://www.ft.com/content/8dcd3fa4-adbb-11e7-beba-5521c713abf4

Edited by RLP18PharmD

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