Ripple (XRP) Got Consulting Help From Current Mastercard Executive VP In 2011

Did MasterCard Mentor Ripple in 2011?

Ripple is one of the most important companies in the cryptocurrency world. One of Ripple’s most distinguished characteristics is that it relates with the financial world in several ways. Indeed, the company was able to create one of the most extended payment solutions for cross-border transactions around the world.

However, is not so simple to start growing and create such an important business. How did Ripple get the attention from the financial sector in a seamless way? Apparently, Ripple has been related with MasterCard when the company started working with its products.

These rumors have been backed by the current Executive Vice President at MasterCard, Colleen Taylor. During an interview, she said that MasterCard was crucial to support Ripple when they were discovering what they could do with their ideas.

A part of the conversation has been released by Steven Diep on September 11.

In this interview, Mrs.Taylor explains that Ripple needed help to get the expertise about how to expand in such a competitive industry. This happened between 2011/2012 when Ripple came in order to have a strategic advice for scaling their products.

Taylor said that in the past, companies such as MasterCard, were afraid of smaller startups because in the future they could be a threat to their business. However, MasterCard did not think about it and decided to help Ripple and give them a chance.

She then commented that she spent some days with them developing strategic plans for their products. Ripple had ‘the agility’ and MasterCard ‘the scale’ so both companies matched perfectly.

Moreover, Taylor explained that companies do need a program that goes beyond the incubation. This is something that would allow these new companies have contact with potential clients, banks, and financial institutions. In this way, they are able to scale.

At the moment of writing this article, XRP is being traded around $0.271 dollars and has increased 5.39% in the last 24 hours.

Ripple is changing several aspects of how financial companies process cross border payments. Their network has more than 100 different financial entities and in the future this number will keep growing with new partnerships. At the same time, Ripple is in constant expansion and it will be reaching new markets in the near future.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,428FansLike
2,795FollowersFollow
4,177FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

The Mysterious Entity that Caused the Bitcoin Network fees to Jump 146% in May

Bitcoin price has yet again taken a dive to $8,800, recording a drop of 4%. Meanwhile, Network Demand Score which is a metric incorporating network...

Ledger and Trezor Crypto Wallets Dismiss ‘Rumored’ Hack Through a Shopify Exploit

A hacker has allegedly compromised the databases of Ledger, Trezor, Keepkey and Shapeshift hard wallets in a Shopify exploit. These storages are considered to...

Tulip Trust Addresses are Used by Someone to Sign “Craig Wright is a Liar and a Fraud”

Some of the addresses that Craig Wright, who claims himself to be the pseudo-anonymous bitcoin creator Satoshi Nakamoto, has filed in the ongoing court...

Bitcoin Market Outlook: A Long Game Looking Bearish in the Short Term

Last week, the price of bitcoin dropped below $9,000 and has been trading under $9,300 throughout the week. On the weekend, we yet again dropped...

Institutional Investors Are Scooping Up All the Newly Minted BTC, Leaving Not Much Left to Buy

Over the last three months, Grayscale Investments bought up to 33% of all newly minted bitcoin. The asset manager continues to stockpile the world’s leading...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today