Ripple wants to replicate its success in the US to Mexico remittance corridor in other jurisdictions across the globe, according to Craig DeWitt, the company’s director of product.
In a recent fireside chat hosted by Reed Catalado, founding partner at blockchain consulting firm Prysm Group, DeWitt says the company is looking to accelerate its expansion plans.
“We have a game plan, and we’re going to roll that out into multiple jurisdictions around the world, and we’re going to escalate the speed with which we’re able to do that. I love liquidity. I [think] liquidity begets liquidity. I think success begets success, and the markets where we’re seeing that, we’re going to replicate that and grow that footprint and improve peoples’ lives in multiple jurisdictions, not just the Philippines, Europe and Mexico, but all around the world.”
Ripple partner Bitso, a Mexican crypto exchange, processes 2.5% of remittance payments from the US to Mexico. Bitso recently hit the one million customer mark, according to Santiago Alvarado, the exchange’s director of cross-border payments.
Ripple, known for its high turnover, is also looking to bring on more people as it expands to new corridors, according to DeWitt.
“I think Ripple really stands out, especially with the work we’re doing with Bitso as a company that is actually delivering real utility today that is affecting people’s lives in a way outside of just speculative trading…
If that’s attractive to you, reach out to us, because we are so hungry for talent in this space. We’re growing so fast. We need people to join that journey with us and help us do it.”
Ripple is currently advertising 22 job openings on its website.