Ripple (XRP) is both: a digital currency and a payments netwok.

The goal of the ripple system, according to its web site, is to allow people to get rid of the “wallet gardens” of financial networks, as credit cards, banks, PayPal and all other institutions that, as says OpenCoin (, the company behind Ripple, lives creating obstacles to the currency transfers.

The project, therefore, addresses the need to flow freely all transactions, using the global network.

Says David Schwartz, chief cryptographer Ripple: “The payment systems operate today as the e-mail in the early 80s. Each provider has built its own system and if people are using different systems, these do not have the ability to interact easily with another. Ripple is designed to connect the different payment systems. Schwartz provides that “Big companies will lose control over the transfer of currency as well as have in fact already lost control of the information flow.”.

Who is behind Ripple? The company that designed the protocol Ripple, the OpenCoin, was co-founded by CEO Chris Larsen and CTO Jed McCaleb. McCaleb was in Mt Gox (the company that managed highest Bitcoin trade in the world that went bankrupt in 2015, losing 345 million dollars) while Larsen had co-founded and led the financial society E-LOAN.

Ripple rather than a rvale, arises then as a complement of Bitcoin and other Altcoin, the Ripple network is designed to allow the seamless transfer of any form of currency, they are dollars, Euros, pounds, yen or bitcoin. For example, a user can transfer dollars ripple through, and the recipient receiving euro.

For a small business that does business with foreign countries, rather than for a big company can get more favorable terms from the banking system, the advantages that introduces Ripple would be enormous. Transfer money abroad can take it up to five days and the transfer fee to climb to 7 percent. Ripple transfers money in times ranging from three to five seconds and with almost no cost.

Unlike other Altcoin and Bitcoin, the Ripple currency is not undermined, they were created hundred billion at the time of the constitution and will not be created other XRP.

Currently Ripple is the third currency, after BTC and ETHER cup with a market of about 275 million and a XRP equates to about $ 0.008.

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