Ripple is not even opensource.
Beyond the technical differences between their marketing and reality, I still don't fully understand the techniques involved from a business sense, in utilizing their service, and *most importantly* how that is better than what is available today.
I guess I can kind of see how having a non-fiat coin be an in-between would be beneficial, but still not clear on how its faster or value added than transferring fiat-to-fiat at the local bank.