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Is This the Next Bitcoin?

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This story appears in the October 2014 issue of Entrepreneur. Subscribe »

Like Bitcoin, Ripple makes money easier to move around the world. But while Bitcoin is a currency, Ripple is an internet protocol that allows for financial transactions in any currency. For example, a user can transfer dollars over Ripple, and the other party can receive euros.

San Francisco-based startup Ripple Labs aims to make Ripple the standard protocol used by the world's banks to transfer money around the globe as cheaply and quickly as sending an e-mail.

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