Paypal.com or Dwolla.com are the easy, secure and instant online money transfer mechanism which let us send or receive funds via an email in ourPaypal or bank account via EFT, but people says it charges 3.25% plus some fixed charges which are big in this age of online world,
Well, a new internet protocol like http:// or https:// , receive funds using an email, instantly and securely very cheap!
What is this
Ripple is an internet or IP protocol for a secured and instant online
financial transaction, in the virtual world!
|Forget Paypal or Dwolla: It’s Ripple Transaction Internet Protocol (RTXP) for instant global money transfers|
Who owns the Internet protocols?
is a set of rules for computers to communicate with each other like any internet protocol for making safe and instant fast funds transfer so the people could do online business with an ease,
The Internet protocols are owns by no one, they are created to be just a useful standard, so anyone can use them in their business or software!
The Ripple is NOT like the virtual digital currency like Bitcoins or such, they are just a financial internet protocol for global payments system connecting online world!