Just a few years ago, Ripple opened its doors amongst a grand vision: to enable the Internet of Value (IoV) to movement coin similar data moves today. We position the pedal to the metallic too built a robust corporation solution to brand cross-border payments very efficient for banks, payment providers too their customers, using advanced blockchain technology.
And now, Ripple's growing global payments network has 90+ customers, 75+ commercial deployments inward progress too a mutual fix of payment standards governing all transactions on the network. We are working hand-in-hand amongst regulators across the basis to demo how blockchain tin dismiss transform cross-border payments and, inward effect, global commerce. XRP is chop-chop emerging equally the best digital property for payments. It makes us proud to encounter the excogitation our customers are bringing to their respective markets inward guild to movement the dial amongst their clients.
As the marketplace position too our client base of operations has evolved, I desire to get got the chance to articulate how our products are meeting (and growing) to back upward our one, unmarried vision.
RippleNet: One frictionless sense to shipping coin globally
Based on client feedback, we've given our global payments network a name, RippleNet. This is non novel – but exactly an evolution of the growing network that has been edifice meaning momentum. RippleNet is the world's exclusively corporation blockchain solution for global payments.
How to Join or Use RippleNet
Our customers brand upward the network too I'm pleased to denote nosotros get got expanded our suite of offerings to aid fifty-fifty to a greater extent than clients tap into RippleNet.
Processing Payments amongst xCurrent
xCurrent is the novel call of our existing corporation software solution that banks too other fiscal institutions currently purpose to at nowadays shipping too have cross-border payments amongst end-to-end tracking too bidirectional messaging across RippleNet. Recently, nosotros added a Rulebook, developed inward partnership amongst the RippleNet Advisory Board to standardize all transactions across the network.
The Interledger Protocol (ILP) is the backbone of the solution too makes it possible for instant payments to hold out sent across a diversity of dissimilar networks. It's our belief that this is the exclusively mode to scale the global network for futurity demand.
Sourcing Liquidity amongst xRapid
xRapid is a novel production currently beingness built for payment providers. As we've gone out to marketplace position amongst xCurrent, nosotros uncovered an untapped take away for a low-cost liquidity solution for emerging markets. xRapid uniquely uses XRP to lower the liquidity costs of payments inward emerging markets. Product evolution is good underway too I await frontwards to sharing to a greater extent than over the coming months.
Sending Payments amongst xVia
xVia is too a novel production currently inward development. xVia is for those who desire to shipping international payments through a banking company or payment provider on RippleNet. xVia offers a touchstone interface equally a uncomplicated API that enables users to shipping global payments amongst transparency into payment condition too attach rich payment information, similar invoices.
Personally, I couldn't hold out to a greater extent than excited nearly the potential that Ripple, together amongst our customers, is bringing to the payments space. We leave of absence along to operate towards our vision of edifice the IoV. To that extent, our products are designed to render a unmarried frictionless sense to shipping payments globally.
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