Ripple Gateways are businesses that provide an entry point into the Ripple Network.
They enable customers to transfer funds – both traditional and cryptocurrency – using the Ripple Network.
This means that customers can use the Gateway to:
· Deposit funds in exchange for Ripple IOUs issued by the gateway.
· Transfer their IOUs to another Ripple (IOU) address.
· Withdraw funds by redeeming Ripple IOUs issued by the gateway.