Settlement has revealed FX Market Making for real-time settlement of forex trades and reduced counterparty risk. It has also announced Ripple -currency Settlement which provides correspondent banks with a low-cost alternative for international money transfers. The news comes as many banks are weighing the benefits of blockchain and other distributed ledger technologies, including Ripple . CEO Chris Larsen also said that the company has been gathering feedback from potential clients. A handful of institutions are understood to have already adopted Ripple 's protocol and several others have confirmed that they are considering doing so. Earlier this week , as reported in our briefings, Ripple announced that it has received $32m in funding from Ripple , bringing its Series A funding to a total of $4m .
Settlement has revealed FX Market Making for real-time settlement of forex trades and reduced counterparty risk. It has also announced Ripple -currency Settlement which provides correspondent banks with a low-cost alternative for international money transfers. The news comes as many banks are weighing the benefits of blockchain and other distributed ledger technologies, including Ripple . A handful of institutions are understood to have already adopted Ripple 's protocol and several others have confirmed that they are considering doing so. Earlier this week , as reported in our briefings, Ripple announced that it has received $32m in funding from Ripple , bringing its Series A funding to a total of $4m .