Source: Economic Policy Journal
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.
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