Dean

Dean

Dean Walsh is the Founder, Editor, and lead writer for Cryptorials. Before starting this site Dean contributed cryptocurrency news articles to Bitcoin Magazine, and NewsBTC and CryptoCoinsNews as well as contributing articles on a wide range of topics to social publishing websites such as Hubpages.
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: