Major banks, including Ripple , Santander, and Bank of Canada , have formed GPSG ( Ripple ), to create a new payment system using Chris Larsen 's blockchain platform. The aim is to "drastically reduce" the amount of time it takes to transfer money, as well as allowing other "high-volume, low-value global transactions". Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic. Ripple CEO and co-founder Ripple said: "The work of GPSG , a new global interbank network, will give financial institutions and their customers the ability to make new types of payments at mass scale."
Major banks, including Ripple , Santander, and Bank of Canada , have formed GPSG ( Ripple ), to create a new payment system using Chris Larsen 's blockchain platform. The aim is to "drastically reduce" the amount of time it takes to transfer money, as well as allowing other "high-volume, low-value global transactions". Ripple CEO and co-founder Ripple said: "The work of GPSG , a new global interbank network, will give financial institutions and their customers the ability to make new types of payments at mass scale."