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What is Ripple Gateway?

Crypto Terms Glossary: What is Ripple Gateway?

Ripple Gateways are businesses that allow their customers to deposit their funds in exchange for Ripple IOUs, thereby providing an entry point into the Ripple network. Ripple Gateways allow their customers to transfer both traditional and cryptocurrency funds across the network, and are also used to transfer customer-owned Ripple IOUs to another address or withdrawal their funds by redeeming their Ripple IOUs. Each Ripple Gateway is designed with specific features which ensure the security of the underlying organization's network and the capital their institutional clients deploy within the network.

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