What's Ripple ?
Ripple is that the virtual currency used for payment systems, currency exchange and cash transfer network by Ripple Labs. it's engineered on a distributed, open supply net protocol, accord books and original currency known as ripple (XRP). Ripple network supposed to permit safe, quick and nearly freed from international money transactions of assorted sizes while not chargeback.
Ripple was 1st enforced in 2004 by Ryan Fugger, an online developer in Vancouver, BC, Canada. In 2005, Fugger started building Ripplepay as money services to produce secure payment choices for members of a web community through a world network. This LED to the event of latest Ripple system in 2011 by Jed McCaleb. it's designed to eliminate dependence on central exchange Bitcoin, use less electricity than Bitcoin, and create transactions a lot of quicker than Bitcoin.
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