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 .
Ripple Labs has revealed FX Market Making for real-time settlement of forex trades and reduced counterparty risk. It has also announced Cross-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 $4m in funding from Santander InnoVentures, bringing its Series A funding to a total of $32m.