Home / Ripple / Executive VP of Mastercard reveals that he assisted Ripple in 2011

Executive VP of Mastercard reveals that he assisted Ripple in 2011

LAW SIDE – DOWNLOAD THIS POST AS PDF

Since we know Ripple, one of the most notable characteristics of the company has been the way it relates to the financial world, a fact that put company in the spotlight as the most extensive payment solution for cross-border transactions.

To say the least, we all wondered how Ripple managed to get this kind of attention from the industry in such a transparent way, and well, since everything seems, everything is starting to make sense now considering the recent statements by the Current executive vice president of Mastercard.

An extract from the complete interview was posted on Twitter on September 11th, and many speculations have been going around the subject, since people consider that the statements can be somewhat altered.

However, regarding what the video exposes, the executive member of Mastercard says they were crucial support for Ripple when they were only discovering what they could achieve. Let's see the main details of the declarations made.

A spirit of generosity is necessary

According to Colleen Taylor Executive Vice President of Mastercard, it was again in 2011-2012 when Ripple arrived in their company to look for strategic advice to downsize their product [19659003] So, the general feeling for large companies was to be afraid of those who started by conceiving them as a potential threat. However, this was not the case with Mastercard, which instead saw an incredible opportunity in Ripple's proposal.

Taylor said,

"We started asking questions about the solution, and actually we recognized that there was gas." [19659013] So when they asked me if I could spend a couple of days with them developing a strategic plan for their product, I did not hesitate. In fact, it was easy to see that we could work together, as I saw they had agility and we had the size, and that for me it was the perfect match.

In this sense, Taylor admits that in today's business it is very different the approach that is given to startups about orientation and mentoring.

"This idea of ​​I has the dimensions, you have the agility that we can work together bringing solutions to the market" is practically an idea adopted for several large companies now; she said. Nonetheless, it is not just about developing the idea, or improving the business plan, we have to actually help them to climb, and "the only way to do that is through a spirit of generosity"

Beyond the # The incubation that startup companies need is a program that guarantees them to be in touch with potential customers, a program that says, "We'll put you in touch with real banks, financial institutions and I'll give you your first customers, so you can get to scale ", this is definitely the next step in mentoring.

Conclusion

Surely now we can see where everything comes from Ripple's strength in the market, and we will undoubtedly continue to see the company grow and reach new levels. At the time of writing, Ripple's (XRP) has a value of $ 0.2635, let's see which side the coin moves in the coming days.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.

Photo by rawpixel on Unsplash

Source link