Ripple Labs (formerly OpenCoin) 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 enables businesses of any size to easily build payment solutions and accelerate the movement of money globally. Together with the community, the company works 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 with no chargebacks and in any currency — including dollars, yen, euros, bitcoins, and even loyalty points. Businesses of any size can easily build payment solutions, such as banking or remittance apps, and accelerate the movement of money on Ripple. Ripple enables the world to move value like information moves today. It is currently in beta.