Ripple lures in Google tech leader

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Ripple has made the headlines again by hiring Amir Sarhangi, who had been leading Google’s rollout of a new wireless messaging system, as vice president of products, according to Reuters.

Sarhangi is going to lead Ripple’s new payments network, RippleNet. Sarhangi joined Google in 2015 when it acquired Jibe Mobile, which he founded, and has been instrumental in developing the technology for wireless carriers to implement rich communication system (RCS).

The RCS technology standard is considered to be a successor to text messages (SMS) and is a better method for sending media and commercial messages over mobile networks. According to Reuters, RCS technology has enjoyed adoption by major global tech suppliers such as Apple and Samsung.

This announcement by Ripple follows very strong revenues in its third quarter of 2018: they have doubled by comparison with Q2. Indeed, Ripple has sold $163.33 million worth of XRP in token sales in Q3, which is more than double the $73.53 million that they sold in previous quarter.

Ripple has also been working hard since September to lobby regulatory bodies and lawmakers about taking a more friendly stance towards crypto-related industries and has signed an agreement with Klein/Johnson Group, a bipartisan lobby group, to convey the message to US state authorities that the industry needs more support from financial regulators. In October, Ripple Labs also announced that it had appointed a member of the board of directors of the Charles Schwab Corporation to Ripple’s board. The Charles Schwab Corporation is a bank and brokerage firm, based in San Francisco, as is Ripple Labs. It was founded in 1971 by Charles R. Schwab and is one of the largest banks in the United States as well as one of the largest brokerage firms in the United States.

Ripple is making giant steps in its efforts to be a big name in the crypto sphere and no doubt there will be more dramatic announcements in the near future. So far Google hasn’t commented on the move, but it is for the moment one man down and nobody knows if a replacement for Sarhangi has yet been found.

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