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Ripple Reveals Details on its New Trading Platform Through Job Openings

Ripple Reveals Details on its New Trading Platform Through Job Openings 101
Source: Adobe/CascadeCreatives

More information is out about a new trading platform that Ripple, an American blockchain company focusing on payments technologies, has in the works - and it's coming through employment adds.

Ripple is seeking a staff engineer for their "trading platform team that provides market access to Ripple products." As to what this platform is, the add describes it as "the next generation of payment platform" which would allow instant cross-border payments settlements for banks, to create the Internet of Value. This new trading platform will be connected to Ripple's payments solution On-Demand Liquidity (ODL), which is itself powered by the XRP token.

Among the things they'd be in charge of, it will be the duty of this engineer to work on building the distributed trading platform, which Ripple says will provide real-time access to crypto markets. This particular job posting is for 'Staff Software Engineer, Liquidity' who will be based in Reykjavík, Iceland.

Another posting for 'Engineering Manager, On Demand Liquidity' in San Francisco, USA, states that this employee will be in charge of leading the team responsible for the ODL customer experience, as well as "integration into our next generation trading platform and be a critical part of defining the future trajectory of On Demand Liquidity and RippleNet." This person will be working on the roadmap and priorities for the ODL engineering team.

There's also a job opening for 'Engineering Manager, Platform' in San Francisco, who will lead the team and "be a critical part of defining the future trajectory of the RippleNet APIs."

A number of things remain unclear, including how long the job openings have been up, is the rest of the team already gathered, how exactly the platform will operate, how it will be connected to the ODL, or when it's supposed to be launched.

We contacted Ripple and will update this article should they reply.

Besides these, Ripple is also searching for Senior Software Engineers to work on RippleNet, global Vice President of Business Development, Account Manager for Brazil, Incident Manager in the UK, etc.

Meanwhile, Ripple's been dealing with certain ongoing issues as it faced yet another lawsuit, after being accused of misleading investors and selling unregistered securities. Also, in March this year, XRP investors accused Ripple CEO Brad Garlinghouse of touting the product, as well as suggesting that he was holding his XRP for the long-term while unloading XRP 67 million and liquidating the coins within days of getting them. Ripple has repeatedly denied accusations. The company also recently filed a lawsuit against YouTube accusing the platform for not preventing scams using the Ripple/XRP brand, but profiting off them instead.

XRP, ranked 3rd by market capitalization, currently (9:52 UTC) trades at USD 0.216. It remained unchanged in the past 24 hours and dropped 2.5% in a week, trimming monthly gains to 9%.

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