Given the financial services focus, they're also looking at how the tech could be used to help combat financial crime, according to Tsolis.
You can bet that Xpring, while outside of Ripple's core financial services focus, will be a very key focus for building a community and ultimately usage for XRP.
He left Pfizer in 2012, and has been working since then as the chief executive of Poliwogg, a financial services company focused on investing in life sciences.
Since then, he has leased an additional 50,000 square feet to Higher One, a financial services company focused on higher education.
Founded in 1967, this is a financial services company focused on the property and casualty insurance business.
In March of 2000, along with Miles Lasater and Mark Volchek, Sean co-founded Higher One, an online financial services company focused on serving the higher education market.
Acorns, the financial management service focused on getting low- and middle-income households to invest and save responsibly, has reached 3 million users in the United States.
Russell Simmons, the hip-hop entrepreneur, announced last week that he was getting into the financial services industry, focusing on the estimated 48 million Americans who are too poor or have too weak a credit history to open a bank account.
Set up in April by Robert Morse, the former Asia investment banking head of Citi, Primus claims to be Asia's largest independent financial services company focusing on investment opportunities within the Asia-Pacific region.
Many large financial services firms focus on their own reputation, desiring to be known as the "most respected financial services firm in the world".
The underwriting models in financial services are so focused on just the credit score that it doesn't translate well to the student loan financing market.
