How a Bitcoin Rival Could Create a Global Supermoneyの紹介。一部抜粋です。

The Ripple protocol, based in part on the system behind Bitcoin, is a payment and currency exchange system that erases the barriers between fiat currencies while also embracing digital currencies and other representations of value, ranging from gold to frequent flyer miles. It goes beyond Bitcoin by providing a code system that leaves no currency—including bitcoins—out.


Right now anyone can make limited use of the Ripple system by signing up with financial gateways such as SnapSwap and Bitstamp for quick cross-currency exchanges between dollars, euros, bitcoin, and more. The greatest value for most people will come if banks and other institutions implement the protocol to streamline their operations. Then all sorts of transactions would become simpler, quicker, and more secure. Many people would not even know Ripple was involved; they’d simply notice that their banks got better.


The key to Ripple is its distributed, decentralized nature. “It offers a way to confirm financial transactions without requiring a central operator,” says Chris Larsen, Ripple’s CEO. That saves both money and up to days' worth of time. While the Bitcoin system also bypasses a central operator, its transactions take minutes rather than seconds to process, according to Larsen.
Financial organizations have already begun adopting the Ripple protocol. In May 2014, Germany’s Fidor Bank became the first bank to use the Ripple protocol. Its customers can now send money in any currency instantly and at a cost lower than typical bank rates through Fidor's money transfer products.


The latest gateway, Ripple LatAm, was launched on June 12 by AstroPay. The United Kingdom-based regional service, which covers Brazil, Chile, Colombia, Mexico, Argentina and Uruguay, will connect Latin American businesses with their counterparts in Asia, Europe and North America for faster and more affordable remittances, merchant payments and other transactions.


The longer-term prospects for leveraging Ripple are enormous. Perhaps the biggest first step any large financial organization could take would be to use it to offer faster, cheaper currency exchange services. According to the Bank for International Settlements, the global foreign exchange volume reached $5.3 trillion a day in 2013. This growing market is ripe for the taking.
The window of opportunity is open wide, but it could start to narrow. Already a London start-up, TransferWise, has raised $25 million to implement a peer-to-peer technology enabling people around the world to swap currencies at much lower rates than current bank transfer fees.

リップルを活用する長期的な見通しは莫大である。おそらく大きな金融機関がとれる一番最初の大きな選択は早くて安い外貨両替サービスを提供する為に用いるだろう。the Bank for International Settlementsによると、世界での為替取引量は2013年に1日で5兆3000億ドル(約530兆円)に達した。この成長市場を収穫する時期は熟している。


Beyond currency exchange, banks might also use Ripple to develop next-generation payment vehicles to replace obsolescent credit cards or to expand into cloud storage by offering virtual safety deposit boxes. Banks could also use Ripple to create innovative new smartphone apps and forge alliances with tech-savvy organizations that live by transactions, such as Walmart and IBM.
Such developments could facilitate a renaissance in community growth by greasing the wheels of services such as microloans, helping to create jobs. And if Ripple becomes widely adopted, the result could be a whole new medium of exchange—“money 2.0” or “supermoney.”