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Foreign news: Ripple's ambitions get a boost

17 February 2017 4:58PM
Ripple's ambitions to extend its cross border funds transfer system, set up around its XRP digital asset, have been boosted by a deal with virtual currency processor BitGo, Finextra reports. Under the program BitGo, which currently processes over US$1 billion in digital currency transactions per month, will provide multi-signature security, advanced treasury management and additional enterprise functionality for XRP, which will be integrated into the BitGo platform this year. Later this quarter, Ripple is intending to offer qualified market participants the ability to borrow XRP, widening participation and building deeper and more stable markets.

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