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Ripple on Hunt for CBDC Expert to Drive Collaboration with Central Banks

UTC by Benjamin Godfrey · 3 min read
Ripple on Hunt for CBDC Expert to Drive Collaboration with Central Banks
Photo: Depositphotos

Ripple does not want just anyone with blockchain experience to apply, due to the nature of the task the CBDC expert will lead, the first requirement listed includes more than 10 years of experience in enterprise technology sales or account management.

Ripple has posted an announcement for the role of Senior Director for Central Bank Engagements in its grand plan to advance its Central Bank Digital Currency (CBDC) drive. According to the job posting, the role is a multi-function one and will see the lucky expert lead Ripple’s CBDC strategy and interface with Central Banks around the world for possible collaborations.

“Ripple is looking for a proven leader to lead our strategy, partnerships and project work with central banks around the world with an initial focus on supporting their central bank digital currency (CBDC) initiatives on XRP Ledger,” the announcement reads adding that the Senior Director of Central Bank Engagements “will define and lead Ripple’s strategy with central banks, build relationships with and educate central bankers around the world, and secure and manage partnerships with central banks to build and deploy projects.”

The CBDC development agenda is gaining ground in some developed economies already. The debate on the need to issue a Central Bank-backed digital currency remains one of the emerging discourse today. While some countries such as China and Sweden are advancing paces with respect to their digital currencies, many nations are in their infancy when it comes to joining the trend. These appear to be the target of Ripple as the company looks to sell its interoperable payment network, the RippleNet.

The CBDC push is in its infancy as many countries are looking to compete with digital currencies including Bitcoin (BTC), Ethereum (ETH), as well as the proposed Facebook Inc (NASDAQ: FB) Libra coin.

Key Requirements Listed for Ripple CBDC Expert Role

Ripple does not want just anyone with blockchain experience to apply, due to the nature of the task the CBDC expert will lead, the first requirement listed includes more than 10 years of experience in enterprise technology sales or account management plus experience selling to large financial institutions or central banks, and global sales experience strongly preferred. Strong Rolodex of central bank executives and influencers will be a bonus.

Besides desiring a strategic thinker, who applies creativity to problem-solving, and handily takes a big idea from thought through to execution, Ripple wants an expert who would be able to maintain the full partner life cycle and understands how central bank systems and/or digital assets and distributed ledger technologies work.

The primary success step Ripple will make in its bid to win the hearts of Central Banks to work with the firm is dependent on the expert that it will join and lead its team. While the expert’s role will cut across different departments in Ripple, the firm wants the lucky candidate to be a spokesperson for the firm both internally and with the new clients, it is prospecting. Ripple is a non-discriminatory employer as stated in the application form and with its equal opportunity measures, any qualified expert can lead its proposed CBDC initiative.

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Benjamin Godfrey

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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