• Ripple (XRP)
    Ripple

    Ripple’s XRP rallies on PNC deal

    Gains for XRP have been a bright spot in an otherwise gloomy crypto market

    Move over, Dogecoin—XRP is now rallying, too. Ripple’s token jumped 13 percent Wednesday when it was announced that the company’s xCurrent technology will be used by PNC Treasury Management to process international payments. Pittsburgh-based PNC is the sixth largest bank in the United States, with assets of over $380 billion as of the end of June. Reuters called the deal “a possible precursor to the use of blockchain in mainstream finance.” Gains for XRP have been a bright spot in an otherwise gloomy crypto market. In the past three days, the token has gained roughly 37 percent, compared to nearly flat—albeit volatile—returns in bitcoin during that same time period. Thus,…

  • Ripple (XRP)
    Innovators,  Ripple

    Ripple has new CTO, biz dev director

    Two new spots have been filled at the FinTech company

    Ripple announced a couple of additions to its leadership team on Wednesday. First, it went in-house to replace former CTO Stefan Thomas. In a blog post today, CEO Brad Garlinghouse announced that David Schwartz, the crypto-financial company’s chief cryptographer, will take on the C-suite role. Schwartz is an influential member of the crypto community for some time. His Twitter account, @JoelKatz, has 103,000 followers. In May, Thomas left the company after half a decade to start a Coil, a micropayments platform for content. At Ripple, he created its first client application and its platform for smart contracts. Coil is built on the XRP Ledger. Notably, Garlinghouse’s statement said: “Schwartz’s team…