Sarhangi joined the search engine giant back in 2015 when Google acquired his startup Jibe Mobile. He founded the company in order to implement a modern tech on text messages known as rich communication systems (RCS).
RCS is a protocol that was designed to replace traditional SMS. It was developed in 2007 as a smarter way to send text messages. Unlike conventional SMS, RCS makes it fast and easy for users to text a group of friends, send high-resolution photos/videos, etc. Reuters reports that RCS has been adopted by the world’s major technology suppliers, including Samsung and Apple.
Google is yet to reveal who will replace Sarhangi as it declined to provide any comments to Reuters.
Double-digit gains Revenue in the 3rd quarter
The announcement comes barely a week after the San-Francisco blockchain startup revealed its revenues in the 3rd quarter. The company said its revenue has doubled compared to the last quarter. It has sold 163 million worth of XRP tokens in the third quarter. In the previous quarter, the company sold $73.53, according to the official data.
Lobbying Lawmakers to support new Fintech technology
Last month, Bloomberg reported that Ripple will lead a group of blockchain startups to lobby Trump administration to propose crypto-friendly laws. The report stated the alliance was planning to hire a bipartisan lobby group – Klein/Johnson Group – to convince lawmakers and regulators to support new fintech technology.
Also, cryptocurrency exchange giant Coinbase announced that Chris Dodds, a member of Charles Schwab’s board of directors, has joined the crypto startup early this month.
Ripple is one of the companies that have demonstrated that an emphasis on partnerships is a great way for evolving financial technology firms to thrive. The recently announced partnerships with baking giants like PNC, American Express, and Santander has situated the company as a reliable financial service provider.
