New updates shoe that ripple holders will be rich in short time.
Why??
Digital currency startup Ripple Labs announced that it has closed a new $28m Series A funding round.
The company said that it planned to use the funds to fuel international expansion efforts, most notably in Asia.
In its announcement, the company highlighted its intention to focus on growth in Asian markets. Notably, Li Feng of IDG Capital Partners will be joining Ripple Labs' board of directors.
Banking and corporate applications are just the tip of the iceberg for a technology like Ripple, and we're excited to support the team's pursuit of those opportunities.
Other banks that have already joined Ripple’s GPSG include Bank of America Merrill Lynch, Santander, Standard Chartered, Westpac Banking Corporation, Royal Bank of Canada and CIBC.