For the world’s largest economy by GDP, the final challenge toward unification was always going to be figuring out how to allow money to move freely between European nations.
The office was established in response to growing demand for Ripple’s real-time settlement protocol in the region, and to more directly connect interested Ripple Labs partners in the US and Europe with Asian Pacific markets.
While the financial services sector has begun adopting open protocols to enable interconnectivity, the payments sector has yet to adopt a fully open settlement protocol to enable global connectivity, leaving networks siloed and lacking interoperability.
Ripple Labs published an article with the European Payments Council (EPC) earlier this week, describing the role of the Ripple protocol for enabling real-time, cross-border payments.
Ripple Labs is thrilled to welcome Adrian Hope-Bailie to the team. Adrian joins as Web Standards Officer, part of our ongoing initiative to help define the open standards that will serve as the foundation of the Internet of Value.