Ripple Gateways are businesses that allow their customers to deposit funds in exchange for Ripple IOUs, allowing them to access the Ripple network. Ripple Gateways enable customers to transfer traditional and cryptocurrency funds across the network, as well as transfer customer-owned Ripple IOUs to another address or withdraw funds by redeeming their Ripple IOUs. Each Ripple Gateway is built with features that ensure the security of the underlying organization’s network and the capital deployed by their institutional clients within the network.
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