Ripple Hiring Chief Economist to Manage Massive Crypto Portfolio, Oversee 54,642,632,616 XRP

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

Ripple says it currently owns 54,642,632,616 XRP, which is more than half of the total supply of the third-largest cryptocurrency.

In December of 2017, the company pledged not to sell all of its tokens at once, locking up 55 billion XRP into a series of cryptographically secured escrow accounts.

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

“In this role, you will study the market dynamics in cryptocurrency, particularly within XRP markets. You will apply your robust knowledge of monetary policy and macroeconomic principles to develop strategies regarding management of Ripple’s XRP holdings.

You’ll lead public communications on those strategies, the state of the XRP economy, and thought leadership on broader cryptoeconomics.”

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

Instead, Ripple says it’s simultaneously buying and selling tens of millions of dollars worth of XRP to fuel its cross-border payments product, On-Demand Liquidity (ODL).

The company is currently advertising 31 open positions in total.

Ripple is also looking for a director of developer relations to “develop and lead initiatives to engage, support, enable, and grow the global XRP community of developers” around the XRP Ledger.

Additionally, the company is seeking a chief of staff for RippleX, its recently rebranded XRP investment and development arm.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/IM_VISUALS

The post Ripple Hiring Chief Economist to Manage Massive Crypto Portfolio, Oversee 54,642,632,616 XRP appeared first on The Daily Hodl.