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Ripple plans to set up offices in India’s Silicon Valley - India Blogger

  • Several Central Bank Digital Currency (CBDC) initiatives will be under surveillance.
  • Ripple has attempted to enter the Indian market in the past.

Blockchain company Ripple is planning to set up an office in the Indian city of Bengaluru. Ripple has advertised a new position in Bengaluru: Senior Project Manager, Central Bank in the city. Ripple may set up an office in India, as shown in the job advertisement. Due to its reputation as the “Silicon Valley” of India, Bangalore was a natural choice for the firm to locate its headquarters.

Main focus on CBDC

A key responsibility of this position would be to manage the company’s partnerships with various central banks. Multiple Central Bank Digital Currency (CBDC) initiatives will be supervised by the selected applicant. In addition, the candidate will work closely with other Ripple divisions based outside India to develop solutions that will benefit the global financial system, regardless of whether the applicant resides in India.

As per the job description, the candidate may be located in Bengaluru, India, Singapore, United States of America or United Kingdom. Ripple has attempted to enter the Indian market in the past. With Naveen Gupta as National Manager, the firm announced the opening of a Mumbai office in September 2017.

At that time, the CEO Brad Garlinghouse where did it go:

“India is transforming itself into a digital economy and is an innovative leader in payments. Our new office in Mumbai, led by Naveen, will allow us to respond to the rapidly growing demand for frictionless payments by our existing customers, Axis Bank and Yes Bank as well as other banks and non-banks across the country.

In a discussion at the Wharton School of Business in 2018, Ripple’s Senior Vice President of Product, Ashish Birla, discussed how Ripple gained majority market share and established itself as a worldwide player. According to Birla, Indian financial institutions will be encouraged to join RippleNet.

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