Bitcoin for the Underbanked

The Ripple protocol is a distributed exchange network that allows exchanges between any fiat currency as well digital currencies like bitcoins and ripples. Using this protocol, users in the U.S. can send dollars to places like Mexico, routing the transaction through the lowest-cost exchange path on the network, and have the payments converted into pesos and delivered into the recipient’s wallet in seconds. Platforms like Ripple and other cryptocurrency features can benefit everyday people in four primary areas: remittances, liquidity, access to cash and access to credit…