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 systems , including Ripple . A handful of institutions are understood to have already adopted Ripple 's protocol and several others We’re delivering,” says the company’s blog. have indicated that they are considering doing so . Earlier this year , as reported in our briefings , Ripple announced that it has received $ 4 m in funding from investors InnoVentures , bringing its Series A funding to a total of $ 32 m .
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 systems , including Ripple . A handful of institutions are understood to have already adopted Ripple 's protocol and several others have indicated that they are considering doing so . Earlier this year , as reported in our briefings , Ripple announced that it has received $ 4 m in funding from investors InnoVentures , bringing its Series A funding to a total of $ 32 m .