Ripple’s network is the only blockchain bankers’ network with defined rules, standards and governance for cross-border payments. Banks join Ripple’s network to facilitate real-time cross-border payments with complete certainty, no settlement risk and end-to-end tracking.
Since 2015, Ripple and an advisory team made up of a diverse set of leading transaction bankers have been building the Ripple Network Rulebook. This group actively advises on maintaining and enhancing the rules and standards as the network grows.
One Simple Integration
Participants can transact with anyone on Ripple’s growing global real-time payment network through a single agreement.
Standard Rules with Governance
Standard functional standards and payments rules with industry-led governance structure are used to ensure a consistent payment experience.
The network rulebook offers clarity and operational certainty for the roles and responsibilities of network participants.
The Ripple Network Rulebook
Ripple’s network uses a common framework, created in consultation with the top banks in the world, for processing global payments.
RIGHTS AND OBLIGATIONS OF PARTICIPANTS
BUSINESS AND OPERATIONAL RULES
SLA for Network Participants
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.