29 Oct 2018 Josphat Kariuki
Google Expert Developer Appointed to Lead RippleNet’s Development
Sarhangi’s role will be focused on leading the development of the global payment system of the third-largest crypto by market cap – RippleNet.
His professional life includes joining Google in 2015 after the global tech company acquired the startup founded by him - Jibe Mobile. The jibe was a startup company aiming to develop technology for wireless carriers to implement the RCS (Rich communication system).
The RCS technology is believed to be the successor of SMS (text messages), considered to be a better method of sending commercial messages and media over cellular networks. The technology has been adopted widely by leading global tech giants like Samsung and Apple.
Ripple’s announcement comes after a recent report by the company revealing its strong performance in Q3 – doubled revenue, compared to Q2 in 2018. As revealed by official data, the company sold $163.33 million in XRP tokens in the third quarter. That’s more than double the amount ($73.53 million) sold in the previous quarter.
In September, Ripple put together a group of crypto startups with the aim of lobbying financial regulators and lawmakers to take a softer government approach when regulating the crypto industry. Following the agreement, the U.S tech company will pay Klein/Johnson group to show state authorities that the cryptocurrency industry needs regulatory support.
In early October, Coinbase – a global crypto exchange and wallet revealed that one of the board members of the Charles Schwab Corporation had part of the firm’s board of directors.
In the same month, the former COO of Nasdaq subsidiary – a major U.S stock exchange, Jeanine Hightower-Sellitto joined cryptocurrency exchange Gemini. Jeanine is currently Gemini’s managing director of operations, leading the company’s client services team.Coinbase Cryptocurrency Ripple RippleNet Google