Ripple Brings On Former Hightail, AOL Executive as COO

Ripple Labs has brought on Brad Garlinghouse as its Chief Operating Officer.

Garlinghouse previously served as CEO of Hightail, formerly YouSendIt, a file signature and management Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term service. He also the President of Applications and Commerce at AOL, and served in senior positions at Yahoo! as well. He also spent time as a Partner at @Ventures and in business development at @Home Network.

Ripple Labs CEO and co-founder Chris Larsen said that Garlinghouse's experience will be valuable as the company looks to grow, adding that they share a similar vision for the future of finance. Garlinghouse commented:

"There is already incredible momentum for Ripple as a new infrastructure for global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, 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."

The move comes around the same time as the company opted to shift more toward compliance, announcing future KYC requirements for its Ripple Trade wallet.