Ripple appoints former US treasurer Rosie Rios to its board

NEW DELHI: Blockchain start-up Ripple has appointed former US treasurer

Rosie Rios

to its board of directors. Rios, the 43rd treasurer of the US, had served under President Barack Obama.


The start-up has also named Kristina Campbell, previously an executive at

fintech

firms Green Dot and PayNearMe, as its chief financial officer (CFO).

San Francisco-based Ripple uses blockchain technology to send money across borders for banks and other financial institutions, touting its platform as a more efficient alternative to the interbank messaging network SWIFT.

But it also uses

XRP

, a digital asset it says can act as a “bridge currency” for converting one currency to another in a matter of seconds.