Main navigation

Ripple Executive Joins Algorand Foundation

Tue, 08/16/2022 - 14:45
article image
Tomiwabold Olajide
Former senior manager at Ripple joins Algorand Foundation
Ripple Executive Joins Algorand Foundation
Cover image via

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

Devan Moorthy, former senior manager of business development (APAC) at Ripple, has moved to join the Algorand Foundation. The announcement by the Algorand Foundation CEO reads: "Wow am I excited to announce that Devan Moorthy has just joined the AlgoFoundation as Head of Ecosystem Access. He will wake up every morning worried about whether the ALGO and ASAs are listed on exchanges and in wallets, etc. He comes from Ripple. I'm sorry, Ripple."

As reported by U.Today, a former Cardano technical contributor, John Alan Woods, has also moved to join the Algorand foundation as its CTO. Cardano creator Charles Hoskinson praised the Algorand community, saying, "Algorand is an excellent project with exceptional people," while responding to the news of Alan Woods' move.

Cardano's Technical Contributor Moves to Join Algorand; Cardano Founder Reacts

In late July, former Algorand CEO Steven Kokinos announced his resignation to pursue "other interests," but he would remain as a senior adviser until mid-2023. Algorand thus promoted Chief Operating Officer W. Sean Ford to the interim CEO afterward. Ford, who joined Algorand in 2018, had overseen go-to-market execution and operations.

Ripple recognized as one of fastest-growing firms

Ripple has been recognized as one of the fastest growing private companies in America by Inc. 5000, a New York-based media outlet. Sharing the positive news, Ripple tweeted, "We're honored to be recognized for our continued exponential growth on the @Inc. 5000 list of the fastest-growing private companies in America."

As reported, Ripple was also named as one of the best Medium workplaces by Fortune Magazine. The report gave the total number of Ripple employees around the world as 575. Despite facing legal woes in the U.S. because of the SEC lawsuit, the fintech behemoth managed to sustain its global expansion by announcing new roles.

article image
About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.