Technology

Plug-and-play infrastructure for financial institutions

How Ripple Works

Key Features


Ripple’s solution is built around an open, neutral protocol (Interledger Protocol or ILP) to power payments across different ledgers and networks globally. It offers a cryptographically secure end-to-end payment flow with transaction immutability and information redundancy. Architected to fit within a bank’s existing infrastructure, Ripple is designed to comply with risk, privacy and compliance requirements.

Interledger Protocol (ILP)

All banks and payment providers — from the smallest to the largest — can leverage the Interledger Protocol to securely and efficiently transact cross currency. ILP can work with any new network or system, regardless of its underlying technology. It ensures the payment speed and certainty necessary to service high volumes of all payment types and sizes, while making them cost-effective for customers and profitable for banks.

Ripple Connect

Ripple Connect links the ledgers of financial institutions through ILP for real-time settlement of cross-border payments in a way that preserves the ledger and transaction privacy of the financial institution. Additionally, Ripple Connect provides a way for banks to exchange originator and beneficiary information, fees and the estimated delivery time of the payment before it is initiated — providing unprecedented visibility into each transaction.

Key Features


Distributed
  • Direct bank-to-bank settlement with no central operator
  • Decentralized network containing a single source of truth
  • Transaction immutability and information redundancy
Secure
  • Complete transaction privacy for each financial institution
  • PII data stays behind your bank’s firewall
  • Transactions cryptographically signed using ECDSA and ED25519 algorithms
Scalable
  • Capacity to process the world’s cross-border payments volume
  • Unbounded transaction processing capability
  • Option to access liquidity through a competitive FX marketplace
Interoperable
  • Ability for banks on different networks to transact directly
  • Integration with existing systems and standards
  • Ability to connect traditional and emerging financial networks

Want to Learn More?


Find out how distributed financial technology can modernize your banking infrastructure and interoperate the world’s payment networks.