Ripple Labs, formerly OpenCoin Inc., is working with two new gateways, ZipZap Inc. and SnapSwap, to allow U.S. consumers to fund accounts in-person or online.
Ripple Labs developed the Ripple digital currency. Its new partnerships allow consumers to send money to a Ripple account by linking a bank or Dwolla account via SnapSwap or depositing cash at one of ZipZap's 700,000 merchant locations across the U.S. SnapSwap began acting as a gateway with Ripple Labs earlier this year.
"It's now possible for people in the U.S. to simply turn on their computer or walk into a local convenience store and send cash to the other side of the world in just seconds," says Chris Larsen, founder and CEO of Ripple Labs, in an Oct. 7 press release. "This innovation is one of the many new applications for Ripple and is the beginning of a fundamental change in the way money moved around the globe."
Ripple Labs earlier partnered with BitStamp.net, an exchange, to offer payments in any currency directly to all Bitcoin users, including more than 8,500 merchants.
Recently Silicon Valley Community Foundation, a charitable organization, started accepting donations in Ripple. Larsen was also one of the founding members, along with Charlie Shrem, CEO of BitInstant and ZipZap, of a self-regulating body for virtual currency and emerging payments companies.