Ripple's Former Legal Chief Joins Crypto Payments Startup

Former Ripple general counsel Brynly Llyr is taking on the same role for crypto payments startup Celo.

Llyr, who left Ripple last Friday, will take charge of "all aspects of legal strategy at Celo," the company announced Monday. These include policy, regulation, partnerships and intellectual property. Llyr will also play a role in Celo's efforts to expand both within the U.S. and globally.

A spokesperson for the company told CoinDesk that she will specifically be involved in day-to-day operations as well.

The startup seeks to simplify the adoption process for using cryptocurrencies as a payment method. In pursuit of that aim, Celo intends to launch a money transfer and payment app geared toward developing markets in the near future.

In a statement, Llyr noted that "there are 1.7 billion people around the world that don't have access to formal financial services."

She added:

Celo chief executive Rene Reinsberg welcomed Llyr in a statement, noting that "she has great experience in virtual currency, fintech and the blockchain."

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