{"id":206138,"date":"2021-03-19T11:57:35","date_gmt":"2021-03-19T08:57:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ripple-appoints-former-uber-exec-to-lead-southeast-asian-expansion\/"},"modified":"2021-03-19T11:57:35","modified_gmt":"2021-03-19T08:57:35","slug":"ripple-appoints-former-uber-exec-to-lead-southeast-asian-expansion","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ripple-appoints-former-uber-exec-to-lead-southeast-asian-expansion\/","title":{"rendered":"# Ripple appoints former Uber exec to lead Southeast Asian expansion"},"content":{"rendered":"

“# Ripple app<\/a>oints former Uber exec to lead Southeast Asian expansion <\/strong>”
\n<\/p>\n

Ripple has appointed a former Uber executive to lead its expansion into the Southeast Asia region, the firm\u00a0announced<\/a> on March 18. <\/p>\n

Brooks Entwistle joins Ripple after serving as Uber\u2019s chief business officer, leading the firm\u2019s growth and navigating regulatory issues throughout the Asia Pacific. The new managing director of Ripple\u2019s Southeast Asia wing had previously spent two decades at Goldman Sachs, operating as partner and chairman in the same geographic region. <\/p>\n

Ripple\u2019s determination to push ahead with its Asian expansion of RippleNet despite an ongoing lawsuit with the U.S Securities and Exchange Commission is unsurprising. Ripple Labs CEO Brad Garlinghouse claimed in early March that Ripple\u2019s expansion into the region was ongoing and that its progress would not be affected by the XRP securities case.<\/p>\n

RippleNet is Ripple’s proprietary network of financial institutions and payment processors. Its use is not dependant on the XRP coin, and the fortunes of either have little reason to affect the other, positively or negatively.<\/p>\n

General<\/a> manager of RippleNet, Asheesh Birla, said Entwistle\u2019s appointment was indicative of the need for region-specific knowledge as Ripple negotiates with banks from various countries in Southeast Asia.<\/p>\n

\u201cSoutheast Asia\u2019s payments ecosystem is extremely dynamic with fairly complex, country-specific schemes which require a lot of in-depth knowledge […] We\u2019re excited to welcome Brooks to lead the charge as Ripple doubles down on efforts to further our phenomenal growth in the region,\u201d said Birla.<\/p>\n

Ripple says transactions on RippleNet saw a 10x year-on-year increase in 2020. In March, one of RippleNet\u2019s high-profile users, MoneyGram, left the payments network. At the time, Brad Garlinghouse accused U.S. lawmakers of stifling innovation by failing to lay down clear guidelines, suggesting the SEC lawsuit may have been a motivating factor in the split.<\/p>\n