Google Ventures has put money into OpenCoin, Inc, creators of the open currency exchange called Ripple. Ripple users can trade any currency, including crypto currencies like Bitcoin, for another, without requiring any broker or third-party to facilitate the trades. There's also a crypto currency, Ripple.
I know a few people involved with Ripple and this is a a very smart group. Bitcoin has a lead in crypto currencies, right now, and it may hold that lead. But will Bitcoin become the AOL of crypto currency, and Ripple, the Google? It's possible.
Below is an interview RT Prime Interest producer, Bob English had with OpenCoin CEO Chris Larsen.
The interview is a bit technical, but that is because adoption is only at the developer stage. If this stuff really takes off, and Ripple has a very good chance to do so, at least at the exchange level, then what the later adopters will know is that they can transfer dollars to gold or Swiss farnce, the euro, bitcoins or Ripples, on their cell phones. Technical stuff be gone.
you've got to be out of your mind to get involved in anything related to google.
ReplyDeleteripple scam http://ripplescam.org/ not true open source like Bitcoin
ReplyDeleteyour an idiot..give up with this shit
DeleteRipple is going to have a serious challenge from Open Transactions, which keeps more with the spirit of bitcoin. OT doesn't try to make tons of money by forcing people to use a premined digital currency as a medium within the network. Neither is the system based on debt and 'trust' the way ripple is.
ReplyDeletehttp://www.thebitcointrader.com/2013/05/did-open-transactions-just-become.html