Dean

Dean

Owner, Editor, and lead writer for Cryptorials.

Cryptocurrency writer and trader since 2014.

AMA Anytime: 21.co/cryptorials
Dean

Getting started with your own Ripple gateway is actually a lot easier than most people realize – if you are willing to do part of the processing manually.

In ripple a gateway’s role is to take deposits from customers, to issue IOUs onto the network in return, and then to redeem those IOUs for the original asset when somebody wants to make a withdrawal. Of course the ideal situation is for that whole process to be as automated as possible – instantly issuing IOUs on deposit and instantly recognizing when a user sends an IOU in for redemption. But if you are willing to start small and build up, you can actually set up a manual Ripple gateway with little more than a standard wallet and a simple website.

In this video, the Ripple Labs engineer Bob Way explains in an easy to follow step-by-step guide how to set up a maual Ripple gateway: