Since 2015, Ripple and an advisory team made up of a diverse set of leading transaction bankers have been building the Rulebook, a common framework that ensures operational consistency and legal clarity for every transaction. This group actively advises on maintaining and enhancing the rules and standards as RippleNet grows.
One Simple Integration
Participants can transact with anyone on Ripple’s growing global real-time payment network through a single agreement.
Functional standards, payment rules and industry-led governance ensure a consistent payment experience.
The Rulebook offers clarity and operational certainty for the roles and responsibilities of network participants.
Ripple’s network uses a common framework, created in consultation with the RippleNet Committee, for processing global payments.
RIGHTS AND OBLIGATIONS OF PARTICIPANTS
BUSINESS AND OPERATIONAL RULES
SLA for Network Members
Development and Evolution
Administration and Compliance
A common set of standards and protocols is critical for the integrity of any platform that transfers money across borders. This is an important milestone for banks to embrace distributed ledgers in the move from proof-of-concept to commercial-ready solutions.