💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Blockchain startup hires away Google's messaging tech leader

Published 10/26/2018, 04:08 PM
Updated 10/26/2018, 04:10 PM
© Reuters.  Blockchain startup hires away Google's messaging tech leader
GOOGL
-
AAPL
-
005930
-
GOOG
-
XRP/USD
-

By Paresh Dave

SAN FRANCISCO (Reuters) - Blockchain technology startup Ripple Labs Inc confirmed to Reuters on Friday that it hired Amir Sarhangi, who had been leading Google's rollout of a new wireless messaging system, as vice president of products.

San Francisco-based Ripple, which is among the most well known startups trying to capitalize on the technology that underpins cryptocurrencies, said it was excited to have Sarhangi leading its effort to develop a global payments network known as RippleNet.

Alphabet (NASDAQ:GOOGL) Inc's Google did not respond to a request to comment on whether it had filled Sarhangi's role as head of RCS, or rich communications services.

Sarhangi joined Google through its acquisition in 2015 of Jibe Mobile, a startup he founded and led that developed technology for wireless carriers to adopt RCS.

The standard is seen as a successor to SMS texting as it better handles sending multimedia and commercial messages, such as receipts and airline boarding passes, over cell networks.

Google views those commercial applications as a potential revenue generator and has partnered with numerous device makers and wireless carriers to introduce RCS.

But broad adoption has been stymied by leading device makers Apple Inc (NASDAQ:AAPL), which does not support RCS on iPhones, and Samsung Electronics (KS:005930) Co, which in September announced limited support.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.