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ICYMI: Ripple’s Ryan Zagone elected to represent 90 payment technology companies

Anirudh VK



ICYMI: Ripple's Ryan Zagone elected to represent 90 payment technology companies
Source: Unsplash

Ryan Zagone, Head of Research on the Business Development team, was recently elected to a task force’s steering committee. The task force in question was the Federal Reserve’s Faster Payments Task Force Steering Committee.

The task force was launched earlier this year as the first major initiative to upgrade the domestic payment system since the 1970s. The task force reportedly attracted over 300 participants, from a wide range of fields including financial institutions, technology providers, end users, businesses, payment networks, trade groups and more.

This task force is led by a steering committee that represents the various stakeholders, with Ryan Zagone. Zagone was elected as a representative for 90 payment technology companies. Ripple said:

“As part of the Task Force Steering Committee, Ripple Labs is humbled to have been elected by our peers to be a voice of the technology and non-bank service provider sector.”

Zagone’s position at Ripple includes responsibilities with financial institutions, regulators and central banks on infrastructure efforts and faster payments initiatives globally. Before Ripple, he worked on payments innovation and retail bank strategy at Deloitte, a multinational professional services network. Zagone said:

“It’s a privilege to be selected. I look forward to leveraging Ripple’s global experience as the task force assess ways to increase speed, efficiency, access to, and competition in payments.”

Notably, Zagone is a part of the Research Advisory Board on the Better Than Cash Alliance. It is an effort to accelerate digital payments in underdeveloped countries. He went on to say:

“I will continue Ripple Labs’ constructive approach in working with peers, bank partners, and the broader financial industry—including NACHA, IPFA, and the W3C.”

He also said:

“Above all, I am committed to being an open and inclusive presence on the task force, representing the priorities and concerns of fellow non-bank service providers.”

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Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own any cryptocurrencies currently.