Ripple Labs’ Grand Plan to Build a Global Payment Protocol

Ripple Labs’ Grand Plan to Build a Global Payment Protocol

By Daniel Cawrey, Coindesk.com

It’s no coincidence that Ripple Labs was formed in 2012 to be a part of a payments revolution.

In 2013, the price of bitcoin hit a high that many had not thought possible, creating a sentiment that new and distributed technologies could change the global financial order on a fundamental level.

This enthusiasm is the driving force behind Ripple, and one of the reasons that it has already raised $6.5m in angel and seed funding from the likes of Andreessen Horowitz, Google Ventures and Lightspeed Venture Partners.

The company says it has raised capital in its early stages because it aims to build the best global payment protocol, and it needs to hire talented people to do so.

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