Ripple

The unit is under investigation by federal agencies for misrepresenting pricing; investment bankers are looking at a possible 15-20% drop in bonus money.

Ripple Labs Inc., the blockchain startup whose digital money is often used as a proxy for other cryptocurrency payments, is gaining new customers because financial firms are seeking faster, more up-to-date technology than the Swift banking network, Chief Executive Officer Brad Garlinghouse said.

The Pittsburgh bank joins Bank of America and other large financial players in a distributed-ledger network that seeks to make global payments in real time.

The OCC finds widespread problems in bank retail sales practices; Ripple and Swift competition for payments pits technology against convention.

Becoming a member Hyperledger fits Ripple’s ideal of allowing different blockchains or distributed ledgers to communicate with each other.