Fidor Becomes First Bank to Use Ripple Payment Protocolby Pete RizzoSan Francisco-based decentralized payment network provider Ripple Labs has announced that German Internet direct bank Fidor is now using the Ripple protocol as part of its transaction infrastructure.
With the announcement, Fidor has become the first bank to integrate Ripple’s payment protocol, allowing its customers to instantly send money in any currency in any amount through the bank’s money transfer products at a lower cost.
The move is significant as it will allow Ripple to showcase how its unique open-source approach to payments can be used by banks to replace many of the common intermediaries in the industry, thereby passing on savings to partner institutions, and by extension, their clientele...
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http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/
