Skip to content
Subscriber Only

Ripple Takes on Western Union With Deal to Grow Payments

Ripple Labs Inc. is expanding the distribution of its digital currency and money-transfer software through an agreement with cash-transaction network ZipZap Inc., signaling the growth of alternative payment methods.

Ripple, a San Francisco-based startup, operates payments software and a digital currency that resides in a consumer’s account known as a Ripple Wallet. Under the agreement, Ripple will let consumers link those Wallets to ZipZap accounts. San Francisco-based ZipZap -- which has payment centers across the U.S. in locations such as CVS Caremark Corp. pharmacies and hotels -- can then send a payment that someone makes through their Ripple Wallet to a recipient elsewhere who also has the software.