Ripple Labs developed the Ripple protocol, which makes transacting as easy as emailing. The San Francisco-based startup is privately funded. Its team of cryptographers, security experts, distributed network developers, Silicon Valley and Wall Street veterans contributes code to and promotes the Ripple protocol, creates SDKs and builds free consumer apps. The company shepherds a movement to evolve finance so that payment systems are open, secure, constructive and globally inclusive.
Ripple is an open-source, distributed payment protocol. It enables free and instant payments to merchants, consumers and developers with no chargebacks and in any currency — including dollars, yen, euros, and even bitcoins. Ripple has the potential to transform payments to work like communications — global, distributed, instant and free. Ripple is currently in beta. For more information about Ripple, please visit ripple.com.