The amount of the deal remained undisclosed.
Led by CEO Chris Larsen, OpenCoin develops the Ripple protocol, an open source payments system and a math-based virtual currency that together power the world’s distributed currency exchange.
Ripple builds direct pathways between parties, which allow users to pay in one currency and receive payment in another, including dollars, yen, euros and bitcoins.
The payment system can be used for a wide range of applications, including merchant payments, money transfers, or remittances.
11/04/2013: OpenCoin Closes Angel Funding