Ripple, the San Francisco-based venture looking to rewire financial firms with Bitcoin’s underlying technology, said Latin America’s biggest bank by market value is among five new customers joining its international money-transfer network.
Brazil’s Itau Unibanco Holding SA, India’s IndusInd Bank Ltd. and a trio of remittance companies plan to use RippleNet, a service using blockchain, Ripple said Wednesday. The RippleNet messaging and settlement system now has about 100 customers -- including many from developing markets seeking to lower their costs when sending money.
