XRP tumbles despite former Amazon exec joining Ripple as engineering lead

XRP tumbles despite former Amazon exec joining Ripple as engineering lead


Amid legal action from the SEC, Ripple has brought in fresh blood from Amazon to lead its engineering team.

In a statement released today, Ripple CEO Brad Garlinghouse announced that former Amazon vice president of delivery experience, Devraj Varadhan, has joined Ripple as its new senior vice president of engineering.

Ripple’s all-star engineering team continues to grow – thrilled to welcome Dev as our new SVP of Engineering! https://t.co/OH5ceDOX4K

— Brad Garlinghouse (@bgarlinghouse) January 11, 2021

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Varadhan has 15 years’ experience at Amazon, where he worked on software development for more than a decade prior to becoming VP of delivery experience. He also spent two years developing cloud and enterprise software with Microsoft.

With Ripple, Varadhan plans to place an emphasis on building “architecturally sound systems aligned with customer and business needs.”

Though the price of XRP returned to the $0.30 range last week following a significant downturn in December, it has slipped below the critical support level

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