Categories: Ethereum

Ripple’s (XRP) Exec Elected To A Federal Reserve Taskforce

Click here to view original web page at

News reaching Ethereum World News indicate that Ripple is making major strides with their Head of Research on the Business Development team, Ryan Zagone, being elected to the Federal Reserve’s Faster Payments Task Force Steering Committee. The Steering committee is a 16 member team to represent the working group’s numerous stakeholders.

This task force by the Federal Reserve, was launched back in 2015. It has focused on identifying goals and attributes of effective faster payment systems; proposing solutions and assessing their capability to achieve those goals; and championing the payment industry to take steps toward implementation and adoption of faster payments capabilities. Its core vision is to call upon the different stakeholders to come together to realize the vision of a payment system in the US that is faster, ubiquitous, broadly inclusive, safe, highly secure, and efficient by 2020.

The task-force has already met 252 times through regular meetings ad teleconferences and spent over 120,000 hours doing so. The current participants number 321. This is why Ryan Zagone’s election as a member of the steering committee, is a huge step forward for not only Ripple, but for the payment system envision by the Taskforce. Zagone will be a voice of the technology and non-bank service provider sector.

At Ripple, Ryan Zagone works with financial institutions, regulators and the central banks the company has partnered with to date. This then makes Ryan the best candidate to relay his experience with respect to improving banking infrastructure as well as accelerating the adoption of faster payment settlements globally.

Ryan had this to say about his election:

It’s a privilege to be selected. I look forward to leveraging Ripple’s global experience as the task force assess ways to increase speed, efficiency, access to, and competition in payments.

I will continue Ripple Labs’ constructive approach in working with peers, bank partners, and the broader financial industry—including NACHA, IPFA, and the W3C.

Above all, I am committed to being an open and inclusive presence on the task force, representing the priorities and concerns of fellow non-bank service providers.

Congratulations to Ryan Zagone and the entire Ripple company on this new achievement and milestone.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by
Tags: ethether

Recent Posts

Tim Draper: $250,000 Falls Short of BTC’s Potential

Tim Draper has made a real name for himself in the world of crypto given his consistent bitcoin price predictions… Read More

6 hours ago

Steve Schwarzman: I Don’t Have Much Interest in Crypto

As the CEO of investing firm Blackstone, CEO Steve Schwarzman says that he’s used to a world where currencies are… Read More

6 hours ago

Volatility for Bitcoin Hits Four-Month Low

At press time, you may not think bitcoin is doing much… And you’d be right. In fact, the currency has… Read More

6 hours ago

ECB Revives Plans for a Rival Coin to Libra & Bitcoin

Facebook feels the heat as the European Central Bank reels out plans to create a digital currency rivaling Libra and… Read More

6 hours ago

HyperCapital Announces Exciting Plans To Build The World’s Strongest Blockchain Community Alliance and Ecosystem

HyperCapital Hong Kong Community Meetup Event Hyper Capital announced the formal recruitment of 300 nodes to jointly promote POAR (Proof… Read More

6 hours ago

US Bookie Found Dead 1 Year After Wife Paid $1 Million Bitcoin Ransom

An American bookmaker kidnapped in Costa Rica has been found dead, even after a ransom of $1 million was paid… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More