Ripple Raises $55 Million, Adds Seven More Banks to Its Network

  • Standard Chartered, Bank of Montreal, Mizuho join Ripple
  • Ripple wants to speed up $155 trillion in overseas payments

Ripple, which aims to make it easier to send payments around the world, raised $55 million in second-round venture funding and added Standard Chartered Plc, Bank of Montreal and Mizuho Financial Group Inc. to its network of banks.

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