The Internatioal Payment Problem In the original Bitcoin whitepaper, Satashi Nakamoto wrote A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. While Bitcoin and many other cryptocurrencies have taken this direction, making it easier for people to send money to each other without intermediaries, the company called Ripple has been using the technology of the blockchain to go in the completely opposite direction - making it easier to move funds between financial institutions.
A Man Named Satoshi On Halloween night, 2008, a short message was posted to a small cryptography e-mail list announcing a paper describing a new form of digital currency that the author, Satoshi Nakamoto, dubbed Bitcoin. Nakamoto had never posted to the list before and was unknown to the rest of the group. If you’re interested in the technical details of Bitcoin, the paper that was released is concise and relatively clear.