Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open source protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes.
Source: ripple.com
Payment network Ripple Labs just snagged is to U.S. banks closer to its goal of frictionless payments worldwide. CBW Bank and Cross River Bank, based in Kansas...