Ripple Raises $55 Million From Banking Institutions

The US-based Ripple platform is known to offer blockchain based cross-border payments technology for banks. The technology enables banks to transfer funds to branches across geographies at costs much lesser than the conventional methods. With the latest fundraising round, the total funds raised by the company so far stands at $93 million.​

DOJ Release   https://www.justice.gov/file/421801/download

https://www.fincen.gov/sites/default/files/shared/Ripple_Assessment.pdf