OpenCoin bags USD10m for open payment network

opencoin

Secured funding

OpenCoin, a US-based open currency website that lets users handle virtual money, has received an undisclosed amount of funding fromGoogle Ventures and IDG Capital Partners. OpenCoin develops and runs the Ripple system, which can exchange both global currencies and virtual currencies like Bitcoin and its own Ripples.

It accepts major global currencies, including its own ripples (or XRP) and bitcoins, another digital currency that has been attracting a lot of attention from venture capitalists recently. 

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