1 year ago
68 Ripple Labs has promoted SVP and General Manager Monica Long to the role of President after the firm’s strongest year yet, despite multiple crypto winters and headwinds in the industry.
Monica Long joined Ripple in 2013 when the company had only 10 employees. Under her leadership, and working alongside engineering and product, Monica Long’s team helped launch On-Demand Liquidity (ODL), an enterprise crypto solution for cross-border transactions and Ripple’s flagship product in 2018.
Last year, approximately 60% of payments over RippleNet were sent through ODL. Ripple has processed $30B worth of volume and 20M transactions since RippleNet was first launched.
Monica Long was critical in Ripple’s ODL, NFTs, CBDCs
In August 2020, she was promoted to General Manager of RippleX, where she oversaw product, engineering, partnerships, marketing and developer relations.
As GM of RippleX, she worked to support an open community of crypto developers innovating across creator economies, payments, identity, foreign exchange, digital media, gaming, and central bank digital currencies.
In that role, she led a team that launched and contributed to -along with the community- the first phase of the EVM sidechain and brought NFTs to the XRP Ledger (XRPL) under the proposed amendment, XLS-20, as well as inked key CBDC partnerships with the countries of Palau and Bhutan. In addition, they led funding for and helped launch 100+ projects through grants, accelerators, bounties, hackathons and the XRPL Zone.
In June 2022, she took on the RippleNet General Manager role, in addition to RippleX, where she was responsible for the development and growth of ODL and global customer success.
“A force to be reckoned with”
Brad Garlinghouse, Chief Executive Officer at Ripple, said: “From the moment I first met Monica nearly eight years ago at Ripple, it was clear that she was a force to be reckoned with. Her deep knowledge of crypto paired with her determination, creativity and ability to think out of the box has made her one of the most respected leaders in the industry and certainly at Ripple. Even in the current challenging crypto environment, Monica has helped guide Ripple to a very unique place of growth and financial strength. She’s been an instrumental adviser to me over the years and I’m grateful to have the opportunity to partner with her even more closely as she embarks on her role as President.”
Monica Long, President at Ripple Labs, commented: “I’m incredibly honored to take on the role of President at Ripple as we expand deeper into crypto-enabled services like liquidity, settlement and custody. Looking back over my tenure, I can say without a doubt that I’ve been lucky enough to be surrounded by some of the smartest, most innovative people in crypto and tech, as we tackled some huge audacious goals- like being able to send money instantly for fractions of a penny around the world. The Internet of Value is a mission I believed in on day one and continue to find inspiration in for the future.”
Chris Larsen, Executive Chairman and co-founder at Ripple, added: “When I think about the beginning of Ripple and where we are now – so much of that is due to Monica’s leadership and strategic insights. She joined us when crypto was unheard of, and to see her grow over the last ten years into the fantastic leader she is today, is a testament to how far the industry has come.”
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