Ripple Labs News
Created by Ripple Labs Inc, Ripple is a payment network that can be used to transfer any currency (including ad hoc currencies that have been created by users) and its own ripple digital currency. The network consists of payment nodes on a distributed global network, and gateways operated by websites or stores. Payments are made using a series of IOUs based on trust relationships. In short, Ripple provides a very simple, fast and flexible way to transfer value around the world.