Disruptor Chris Larsen Returns with a Bitcoin-Like Payments System - PaymentsSource Article

New #Ripple implementation will have a Bitcoin-style blockchain #futureofmoney

Chris Larsen, who disrupted consumer finance in the 1990s and 2000s with E-Loan and Prosper, is seeking to shake up the industry again with Ripple, a peer-to-peer payment and lending system. Ripple looks to improve on Bitcoin, the decentralized virtual currency and payment system that emerged three years ago and is beginning to gain some respectable traction. He’s teamed up with Jed McCaleb, a serial tech entrepreneur and a major figure in the Bitcoin community. “The time has come for virtual currencies,” Larsen says. “Bitcoin has been very successful ” and has shown how digital currencies can work. Ryan Fugger, the software developer who came up with Ripple concept. Larsen would say little about the details of the venture. “We’re in stealth mode,” he says, and Ripple’s website says a beta version is “coming soon” that will let users “easily, cheaply, and safely send money...

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