[ Thanks to Daniel for this link.
]
“Ripple has grown over recent months, from an
interesting concept with dormant projects into an actively
developing ecosystem.“The Ripple Project (http://ripple-project.org/) aims to build a
new form of money which derives from existing social relationships
rather than from rigidly inefficient central banking systems. The
project involves technological as well as economic, social, and
other aspects.“After an initial burst of activity when Ryan Fugger founded the
project in 2004, the fundamental ideas emerged and a prototype
called Ripplepay opened. However, the project did not gain
sufficient traction to bootstrap into a mainstream trend.”