Ripple Hires Chief Economist To Manage Massive Cryptocurrency Portfolio, Oversees 54,642,632,616 XRP

Ripple is now looking for a chief economist to help create a strategy for the company’s massive XRP holdings.

Ripple claims it currently owns 54,642,632,616 XRP, which is more than half of the third largest cryptocurrency’s total offering.

In December 2017, the company pledged not to sell all of its tokens at once, blocking 55 billion XRPs in a series of cryptographically protected escrow accounts.

The company is now looking for someone with a PhD in economics who is a “proven thought leader” in terms of applying innovative approaches to economic thinking.

“In this role, you will study market dynamics in cryptocurrencies, particularly XRP markets. You will apply your solid understanding of monetary policy and macroeconomic principles to develop strategies regarding Ripple’s XRP equity management.

You will conduct public communications on such strategies, the state of the XRP economy, and thought leadership on a broader crypto economy. “

In recent months, Ripple has stopped its XRP programmatic selling practice on crypto exchanges.

Instead, Ripple says it is simultaneously buying and selling tens of millions of dollars of XRP to power its cross-border payments product, on-demand liquidity (ODL).

The company currently advertises 31 open positions in total.

Ripple is also seeking a Developer Relations Director to “develop and lead initiatives to engage, support, enable and grow the global XRP developer community” around XRP Ledger.

Additionally, the company is looking for a chief of staff for RippleX, its newly renamed XRP investment and development arm.

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