Ripple is making its way to two American banks

Payment network Ripple Labs just snagged its second and third bank partnership in its quest to create frictionless global payments. CBW Bank, out of Kansas, and Cross River Bank in New Jersey, both say they will use Ripple to make global money transfers and payments. In May Ripple announced its first bank partnership with Fidor Bank in Germany. What’s significant about the adoption of Ripple’s payment protocol is that it allows for same day transfers with better exchange rates, and acts as a challenge to correspondent banking.