Video: Over 100 Banks Are Using Ripple Software

Ripple's blockchain-backed software is expanding in the banking world. TheStreet spoke with Ripple's chief market strategist Cory Johnson.
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Ripple's blockchain-backed software is expanding in the banking world.

"We've got over 100 banks using this," said Ripple's chief market strategist Cory Johnson, in an interview with TheStreet. "We've got companies like Bank of Santander, Standard Chartered and American Express (AXP) - Get Report  - banks all of the world are very active in using Ripple's software to move money across borders." 

Johnson said it takes days to send money overseas, a problem Ripple is trying to solve.

Watch our entire interview with Ripple's Cory Johnson on YouTube: