https://www.cnbc.com/2018/06/05/ripple-ceo-dozens-of-banks-will-use-xrp-product-in-2019.html

Ripple will have "dozens" of banks using its blockchain product that requires a digital currency known as XRP to work, the start-up's CEO told CNBC on Tuesday.

The company is developing a solution that allows cross-border money transactions between banks in a faster and cheaper way than the current system allows. It's based on a blockchain, the technology that underpins many cryptocurrencies.