Ripple is the name for both an electronic money (XRP) and also an open payment system in which currency is moved. It's a dispersed, open minded payments system that's still in beta. The target of the ripple system, based on its website, is to allow individuals to break with their "walled gardens" of fiscal systems - iecredit cards, credit cards, banks, PayPal and other associations which limit access with penalties, fees for money trades and processing statements.Ripple is the name for both an electronic money (XRP) and also an open payment system in which currency is moved.