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New donation pool to raise funds for Ripple development

Jul 04, 2010, 09:04 (0 Talkback[s])
(Other stories by Chris Pinchen)

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"A new donation pool has been created to raise funds for development of the Ripple project, with an initial contribution of $500.00. The final amount will be donated to the Ripple project to support the development of a standalone Ripple server to provide open decentralized payment through the Ripplepay site as well as other services using Ripple. All content created will be released under an open license.

"Ripple is an open payement system that allows users to make agreements between each other freely, and to use those agreements as a fully functional currency in the wider community. This distributed financing model allows users to get better rates, while dealing with known and friendly sources. At the same time, it easily integrates with existing financial systems, allowing for the use of multiple currencies and the involvement of both new and traditional monetary actors."

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