Earthport plc (EPO.L) announced a global partnership with Ripple Labs, under which the two companies will use their expertise and to offer real-time cross-border bank payments. Earthport's new offering will integrate the Ripple protocol alongside its payments network and platform.

Ripple Labs developed the Ripple protocol, an Internet for money that enables the free and instant exchange of anything of value. The San Francisco-based startup is funded by Google Ventures, Andreessen Horowitz, IDG Capital Partners, Core Innovation Capital, FF Angel, Lightspeed Venture Partners, Bitcoin Opportunity Corp. and Vast Ventures.

Hank Uberoi, CEO of Earthport said: "Ripple is a new technology and, once integrated in our payments service could bring benefits in efficiency and speed to global transfers. Earthport will apply its existing compliance framework, rule sets and secure payments network to any Earthport clients transacting using the Ripple protocol."

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