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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, 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.