Ripple, the new way to pay


I have been very interested in internet payment systems for a long time, so naturally I kept a close eye on the development of Bitcoin, the crypto currency that is getting so many headlines lately. I love the idea of it, but there are some other aspects that I like a lot less. For example Bitcoin mining (the processing of Bitcoin transactions) is a computationally expensive task, which probably means the transaction fee will become too high to allow for micro transactions. And learning to think in bitcoins may be too much to ask from many users. But worst of all, Bitcoin transactions are slow. They take up to 20 minutes to clear.

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