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Introducing Ripple, a Bitcoin Copycat

Introducing Ripple, a Bitcoin Copycat
Photograph by Andrew Harrer/Bloomberg

The virtual currency Bitcoin is all over the news these days—in part for its volatility. If you can use it, or even understand why it has any value, you’re in a small minority. There are all sorts of aspects to the “math-based” virtual money that make it impractical for most people to use in everyday transactions, but its proponents are fanatical believers in its potential.

Now some of Bitcoin’s earliest evangelists and supporters have created what they say is a Bitcoin for the rest of us—another digital currency, called Ripple, that, unlike Bitcoin, transfers easily into and out of other currencies from around the world.