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.
To learn more about Ripple and how it might affect small-business transactions, we spoke with Gary Kremen, who founded Match.com and recently launched CrossCoin Ventures, an accelerator that mentors Ripple-based startups and helps them tackle finance-specific challenges such as compliance and customer-service requirements.
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