Ripple Labs has been adding more and more high-level officials to its strategic board, and its latest move was to appoint former Yahoo and AOL executive Brad Garlinghouse as its Chief Operating Officer. Garlinghouse became popular in 2006 when an internal Yahoo memo he penned was leaked was published.
He also sits on the board of Ancestry.com and became the CEO of Hightail, a file-sharing firm. “There is already incredible momentum for Ripple as a new infrastructure for global payments, and the opportunity to define the actual framework for the Internet of Value is an order of magnitude bigger than anything else underway in payments today,” Garlinghouse mentioned during the press statement of his appointment.
Ripple Labs Appointments
Prior to this, Ripple Labs added former US State Department official Anja Manuel to its advisory board and National Economic Council director Gene Sperling to its board of directors.
With these, Ripple Labs hopes to gain more strategic advice in making digital currencies more acceptable. The San Francisco-based startup also aims to grow its international presence and Ripple’s adoption among financial institutions and payment networks around the world.
Formerly known as OpenCoin, Ripple Labs employs a team of experienced cryptographers, security experts, distributed network developers, Silicon Valley and Wall Street veterans contributes code to the open-source software and works with financial institutions and payment networks to accelerate the growth of the Ripple protocol.
“We are very excited to have Brad join the team,” said Ripple Labs CEO and co-founder Chris Larsen. “Brad’s experience will be invaluable as we advance our focus from building a strong pipeline to execution and exceptional growth. We share a vision for the future of finance and the creation of an Internet of Value in which value exchange is as fast, free, transparent, and secure as information exchange is on the Internet today.”