In a recent interview with UK-based news outlet Financial News, sendy youngThe UK and European managing director of fintech firm Ripple shared her thoughts on the regulation of the crypto space.
On June 30, 2021, Ripple announced Young’s appointment.ripples press release Sendi will “oversee the strategy and champion the expansion of RippleNet, Ripple’s global financial network technology. RippleNet provides financial solutions that make it easier for customers to operate and grow their businesses.”
This said of Young’s career:
“With over 15 years of experience in fintech, payments and consulting, Sendi spent five years at Mastercard before joining Ripple in leadership roles driving strategy, commercialization, bank-fintech partnerships and business development. fulfilled.
“Most recently, Sendi led the Fintech & Digital segment of Mastercard’s Data & Services business globally, growing services that help banks embrace real-time payments, open banking and artificial intelligence. Sendi will be used to leverage her deep industry and local expertise to develop and further drive customer success across Europe.“
At the time she said:
“Over the past decade, I’ve been at the forefront of financial services innovation, witnessing how technology has dramatically changed the way we bank and pay. However, the underlying payment and banking infrastructure is an obstacle to frictionless value exchange and inclusion across borders. I firmly believe that blockchain and cryptocurrencies will be game changers in powering finance today by addressing core inefficiencies.
“These technologies can make the global financial system fairer, more inclusive and more transparent. This is just the beginning of the possibilities. I am thrilled to join such a talented and passionate team and company that is at the forefront of this step. Change.“
her most recent interview In Financial News, Young said:
“What is really important is to have a clear regulatory framework for this. This will enable all parties to understand the rules of the road and innovate accordingly. Uncertainty is the greatest threat to innovation. We are not against regulation. Regulations help crypto unlocking utilities.
“We have the opportunity to see what is happening in the UK and Europe compared to America and Asia. i can see the difference. Like China there is an outright ban, in the US there is regulation by enforcement, and places like the UK, Europe, Japan, Singapore, and the United Arab Emirates are somewhere in between, creating that framework for players to be able to It is important to innovate. His third method is certainly our preferred approach.
“The new legislation that the European Union has just passed and is expected to come into force in the next few years, the Cryptocurrency Markets Bill, is of great importance. This is a very significant moment and the first coordinated regulatory framework in a region of this size. I applaud that effort. It really helps innovation and helps Europe take a step towards becoming a global crypto hub.“
Young was interviewed by this year’s CNBC Europe anchor Karen Tso. Money20/20 Europe Conference (June 7-9, 2022 in Amsterdam).
Here’s what she had to say about the state of the crypto market and how Ripple is doing it.
“At Ripple, we focus on long-term utility, not volatility. Since our early days, we have been focused on using crypto and blockchain technology to solve real-world problems, especially as it relates to cross-border payments, in terms of transparency, cost and speed. , reliability, etc., and built a very strong cross-platform. Perimeter network based on it. So I think we remain bullish on the crypto-enabled future of financial services…
“The last 18 months have been the most productive period for us. We doubled our payment network and have hundreds of customers with a payment flow run rate exceeding her $15 billion today. We continue to see strong demand as we use these technologies to solve real world problems, real pain points.“
via main image Pixabay