Is This the Next Bitcoin?
There's a new digital monetary system in town.
By Jeff Kauflin •
Opinions expressed by Entrepreneur contributors are their own.
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.
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, get access to a ton of exclusive content and resources that will help grow your entrepreneurial mindset. You’ll find:
- Exclusive content from our network of today’s leading CEOs and business strategists
- Receive our flagship Entrepreneur Magazine - free!
- No more ads, and get access to the Entrepreneur+ homepage
- Free E-books written by our staff and other industry thought leaders