1 Billion XRP worth $1.6 Billion Released From Ripple Escrow Wallet in Two Successive Transactions
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According to the recent job listing, Ripple, the San Francisco-based cross-border payment platform is seeking to hire a chief economist to help devise a strategy to manage its massive XRP holdings.

Ripple had claimed that it currently holds the sum of 54,642,632,616 XRP, which is more than 50% of the total supply of the leading cryptocurrency.

Back in December 2017, the payment firm assured the community that it won’t initiate the selloff of its holdings at once. This led to the lock-up of its relatively 55 billion XRP into a series of cryptographically secured escrow accounts.

Read Also: Ripple Has Officially Added Bank of America (BoA) to the List of Top RippleNet Members on Its Website

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Ripple Seeks To Hire Chief Economist with a PhD

Ripple is now seeking to hire someone with a PhD in economics who is a demonstrated thought leader based on the application of innovative approaches to economic thinking.

“In this role, you will study the market dynamics in cryptocurrency, particularly within XRP markets. You will apply your robust knowledge of monetary policy and macroeconomic principles to develop strategies regarding management of Ripple’s XRP holdings.

You’ll lead public communications on those strategies, the state of the XRP economy, and thought leadership on broader cryptoeconomics.”

Ripple’s Quest to Enhance the Growth of XRP on the Increase

Ripple, the cross-border payment firm that oversees the distribution of XRP, has restrained from selling the cryptocurrency on exchanges in recent months.

Instead of just selling the digital token, the payment firm has embarked on buying and also selling tens of millions of dollars worth of XRP to enhance its cross-border payments platform, On-Demand Liquidity (ODL).

Read Also: Ripple Delves Into Lending With XRP Credit Lines to Fund Global Payments

Moreover, Ripple is seeking a director of development relations to “develop and lead initiatives to engage, support, enable, and grow the global XRP community of developers” around the XRP Ledger.

The payment company is also looking to hire a senior director of central bank engagements, to prepare for the emergence of central bank digital currencies (CBDCs).

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Tobi Loba

By Tobi Loba

Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.