Ripple’s new hiring move suggests the American crypto payment giants could be interested in an XRP exchanged traded fund (ETF).
In a recent post on X, Ripple called attention to its job opening for skilled individuals in decentralized finance to oversee activities tailored to institutional investors.
Join a team building breakthrough blockchain solutions for a world without economic borders. ?️
Explore open roles at Ripple, including:
⭐️ Senior Product Manager, DeFi (London)
⭐️ Senior Software Engineer (Bangalore)
⭐️ Senior Software Engineer (Toronto)https://t.co/F5tKrpKHuF— Ripple (@Ripple) January 27, 2024
Specifically, Ripple seeks a Senior Manager for Business Development to cater to Institutional DeFi. Per Ripple’s career page, the firm wants individuals from the United Kingdom and the United States.
Ripple stated that Institutional DeFi is crucial in its mission for “global financial equity and growth.” In particular, it emphasized that Institutional DeFi stands ready for significant adoption within the financial services sector.
As a result, Ripple is proactively collaborating with enterprises to craft solutions and applications, harnessing the XRPL Ledger and its native token, XRP.
Ideal Candidate to Work on Crypto ETF Initiatives
In line with its strategic positioning, Ripple seeks a growth-oriented Senior Manager of Business Development to join the RippleX teams. Notably, the RippleX crew is a developer community facilitating the adoption of Institutional DeFi on the XRPL.
In this position, the ideal candidate will collaborate closely with marketing and trading teams to pinpoint and capitalize on new partnerships and business development prospects.
Per the Ripple job listing, the key responsibilities for this role involve spearheading cryptocurrency-related ETF initiatives. This would be in collaboration with relevant partners and internal trading teams.
Furthermore, the selected senior manager will oversee and expand a portfolio of institutional DeFi accounts. They will also collaborate closely with Ripple’s product, sales, and engineering crew to introduce new products and services. The services are to facilitate institutional investors’ safe and compliant participation in institutional DeFi.
XRP Army Reacts
The mention of crypto ETF initiatives as a pivotal function for the senior manager Ripple is hiring has sparked bullish comments from members of the XRP community.
Some have raised intriguing questions, wondering whether the long-awaited XRP is “closer than imagined.” According to prominent Chinese reporter Colin Wu, “The Ripple job posting hints that the company is preparing to apply for an XRP ETF.”
Meanwhile, in a recent interview, when questioned about the prospect of an XRP ETF, Ripple CEO Brad Garlinghouse declined to comment.
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