US-based startup Ripple has hired Google’s product specialist Amir Sarhangi as a vice president, Reuters reported on Friday. Sarhangi will control the development of Ripple’s blockchain-based system for international transactions RippleNet. He became the second new VP at Ripple in the past few months after the Californian firm appointed ex-Facebook payment executive Kahina Van Dyke as a senior vice president of business and corporate development in July.
Sarhangi worked for three years in the US technology giant Google. He joined the company in 2015 when Google acquired his Jibe Mobile, a startup with a focus on the creation of wireless carrier technology for rich communication services (RCS). He was responsible for Google’s RCS plans until October this year as he was director of product management and partnerships for messaging solutions. RCS technology is considered to be the successor of SMS as it enables better text messaging services with multimedia and commercial usage including airline boarding passes.
From December 2017 until the beginning of this month, Sarhangi also served as a board member of Area 120, an Alphabet subsidiary for innovation and experimentation. Currently, he is part of the executive body of Virtual Visions, a tech startup for application development solutions, and sits as an advisor of US music technology company Zya.
As Ripple’s vice president of product, Sarhangi oversees the development of RippleNet, a service that uses blockchain technology to help financial institutions like banks to process payments. Earlier this month, global Spanish bank Santander claimed that it had successfully integrated RippleNet into its international cross-border mobile application One Pay FX. Using the distributed ledger technology (DLT) transaction settlement service is not connected with the utilization of Ripple cryptocurrency, XRP, which is the third-largest virtual coin by market capitalization.
RippleNet has several competitors including Hyperledger of Linux Foundation and David Rutter’s R3 Corda.