Ripple’s Job Advert Sparks Speculation Of Office, Workforce Expansion in India

Popular blockchain payments company Ripple Labs seems to be expanding its India operations. According to a recruitment ad posted on Linkedin, the company is looking for a Senior Project Manager, Central Banks, who will be based in India’s IT hub Bengaluru.

New Bengaluru Office

Right now, Ripple has an India office in Mumbai. The job advert hints that the company has opened another office in Bengaluru. The choice of location is significant as Bengaluru has a significant presence of IT companies and startups. Opening an office here could mean that the company is trying to increase its capacity to process technical jobs. 

As India is planning to launch its CBDC in the current financial year, Ripple which is a major player in gross settlements and remittance business is likely positioning itself for a major role.  

Focus on CBDC Projects

The successful candidate will take charge of the company’s engagements with central banks, particularly on their CBDC projects. The eligibility requirements mention a minimum 5-year experience in project management in financial system deployment and a minimum 3-year in the banking or payments industry.  

“Central Bank Digital Currency (CBDC) is at the forefront of innovation in both the financial and technology sectors. The Senior Project Manager, Central Banks will play a lead role in Ripple’s engagements with central banks around the world by guiding the deployment of CBDC projects and solutions,” the job advert reads.

Although based in India, the role may require him to work out of Singapore, the UK, and the US. It asks for a 30% to 50% travel commitment.  

“You will be working closely with multiple departments at Ripple to implement solutions that will have national and global impact. This role may be based out of India, Singapore, UK, or USA,” it added.

Ripple Office in Mumbai

As per a report in Business Today, Ripple Labs had announced the opening of its office in Mumbai, India, in 2017 and had appointed Navin Gupta as the country manager. At that time, Ripple Labs CEO Brad Garlinghouse said, “India is transforming itself into a digital economy and is an innovative leader in payments. Our new office in Mumbai, led by Navin, will allow us to respond to the rapidly-growing demand for frictionless payments by our current customers, Axis Bank and YES Bank, as well as other bank and non-banks across the country.”

Meanwhile, the judge in Ripple v. SEC case modified the calendar in April raising the prospect that the case may be concluded before the end of the year. Garlinghouse has recently said that the outcome of the legal battle is not going to impact Ripple’s growth as the company has been acting as if it has already lost the case.

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