BITCOIN ISN’T THE only way of sending digital money across the Internet.Others include Ripple.Stellar,Lite coin,Ethereum and so many others.Now, there’s a movement to create a technology that would let all these online ledgers talk to one another, that would let you send money between these systems. The idea is to create a single worldwide network that can not only unite all digital currencies, but all companies and individuals who use those currencies.This will be something that sits on top of all the ledgers and abstracts the differences,” says Ripple chief technology officer Stefan Thomas. “We’re trying to create a global standard for payments.”The hope is that the protocol will increase the adoption of online money and, more broadly, let us more efficiently send money from place to place. That’s the goal of many existing projects. Ripple and Stellar, for instance, are designed so that you can send any currency and have it arrive as any other currency. You can send bitcoin and have them arrive as litecoin and vice versa.
