Online payment network Ripple Labs receives $3.5 Million in new funding
Decentralised online payment network Ripple Labs has received a further $3.5m in funding. This brings the total amount of funding raised by the company, formerly known as OpenCoin, to $9m. Ripple Labs, which enables people to make free and instant payments in any currency, including bitcoin, said it plans to use the new funds to continue the development of the Ripple ecosystem. New investors in the company include Core Innovation Capital, Venture 51 and Camp One Ventures. Existing investor IDG Capital Partners has put more money into the company. "Ripple removes friction from even the most....
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