Ripple: Funding $93.6 Mn;
Investor – Blockchain Capital, Satander Innoventures
Founded: SFO (2012)
Ripple is one of the first such blockchain-based settlement mechanisms: Its banking partners include UBS, Santander, and Standard Chartered. Ripple provides instant, certain, low-cost international payments. Ripple offers a global real-time payment system that enables banks and financial institutions around the world to directly transact with each other without the need for a central correspondent.
The company also offers FX Market Making, a solution enabling enterprises to gain access to cross-currency liquidity through a distributed network that allows foreign exchange to be externally sourced from a competitive FX marketplace or an internal FX trading desk. This minimizes FX exposure thereby lowering the volatility and counterparty risk of trades. Ripple Insights features industry updates, insider perspectives, and in-depth market analysis.
I feel the fact that Ripple does not take transaction fees like Paypal or other credit card companies makes it more of an attractive proposition for vendor, sellers. Ripple also has an advantage with stability and speed of transactions. Companies like Ripple can surely help eliminate frauds and financial thefts with their highly robust financial systems.
Reference: https://ripple.com/