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Ripple allegedly offering attractive XRP packages as an incentive to prospective hires


Ripple, the company at the forefront of blockchain-based payment services is now allegedly offering XRP packages as an incentive to hire prospective and talented engineers from across the world.

Coindesk reported that an engineer was promised an XRP package worth $3 million [excluding the salary] from Ripple in an email from late 2018. The engineer however, chose to remain anonymous due to security concerns.

Ripple’s own LinkedIn page presently shows that they are looking for technical experts and software engineer to work on xCurrent and even, xRapid and XRP Ledger, to help build next-generation payment applications that enable smooth transactions domestically and internationally.

The news outlet however clarified that the salaries of the engineers may vary based on their expertise, according to its conversation with two prospective clients who confirmed that XRP bonuses lie somewhere between $1 and $6 million.

A former employee, who spoke to Coindesk had confirmed that generous equity deals are standard in Silicon Valley. However, the former employee, who chose o remain anonymous, admitted that he had never heard about XRP bonus packages before 2017.

Another prospective engineer at a top cryptocurrency firm who also chose to remain anonymous said that he also received a mail from a recruiter at Ripple offering a lucrative XRP package which was between $3 and $6 million.

An explanation for such an attractive package was given by one of the employees who suggested that Ripple was a very “unpopular entity” in the cryptocurrency ecosystem and that it was “forced to go above and beyond” to attract engineers in the bear market.

In addition to the above, Cory Johnson, the chief market strategist for Ripple is no longer working there, which was reflected on his Twitter profile.

Tom Channick, a spokesperson with Ripple stated to Coindesk:

“Cory’s last year at Ripple was a success in representing the company to investors, press and regulators. Cory helped Ripple with strategy internally and overall industry education. But due to changes in market conditions, we’ve chosen to eliminate the role of Chief Market Strategist.”

However, there remain some who dismissed rumours of Ripple being ‘unpopular.’

@dave_jonez_02 tweeted:

“And now some Bitcoiners are starting to realize they should do the same to attract talent because otherwise the pros will run away with them all.
@Ripple has always been the leader of the pack.”

A Twitter user, @XRPfly commented:

“Looks like FUD desk may want to follow their lead and they may get some good journalist instead of just FUDsters. Ripple is getting some of the best talent out there.”


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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.





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