An authority on digital economics, mathematics and computer science, Athey previously served as an advisor to Ripple Labs.
A bright future for Ripple
Speaking about the news, Athey indicated that she believes Ripple Labs is poised for long-term success in the digital currency space.
"I believe in the future, money will flow through a digital network like Ripple that empowers individuals and institutions alike to instantly and seamlessly exchange many different types and items of value.
The Ripple network provides an opportunity for substantial efficiency gains in the movement of money, and with those gains, global commerce can be expanded."
Ripple Labs co-founder and CEO Chris Larsen welcomed Athey in a separate statement, saying:
Athey studied mathematics, computer science and economics at Duke University, where she received both her bachelor's degree and, later, an honorary doctorate. She received her Ph.D at Stanford and has taught there, as well as at MIT and Harvard.
In addition to her current duties at Stanford, Athey also serves as co-director of the National Bureau of Economic Research's market design working group, and her industry honors include elections to the American Academy of Arts and Sciences in 2008 and the National Academy of Science in 2012.
Earlier this month, Athey sat down with CoinDesk where she discussed bitcoin's potential, the challenges the digital currency faces and its value.
Read more about
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.