Ripple Labs Launches Forex Market Products
Ripple Labs, which is comprised of a team of cryptographers who developed the Ripple payments protocol, recently announced its products for the forex market. The company has been working with several industry leaders in the financial arena, receiving a total of $32 million in Series A funding. The company has announced two new solutions called FX Market Making and Cross-Currency Settlement, aimed at lowering volatility and counterparty risk for banks and financial institutions conducting cross-border payments and forex activity. Ripple Labs Innovations. Similar to the bitcoin blockchain,....
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