Bitcoin Firm Ripple Gets $55 Million In Funding

Ripple, the San Francisco-based startup building a bitcoin-like payments platform aimed at banks, announced a $55 million Series B funding round on Tuesday, bringing its total capital to about $93 million.

The move makes it one of the best capitalized startups in the blockchain industry, where firms use so-called open ledgers to solve a wide variety of technology challenges.

New and existing investors were involved in the new…

Read more ... source: TheBitcoinNews