Solution Overview ripple

Payment Networks Today

A Fragmented System Of Siloed Networks

Today’s global payments system is neither global or a system. A system, 
defined as a set of connected things forming a complex whole, does 
not describe the currently siloed payments networks that lack effective 
inter-connectivity to deliver on the demands of today’s customers. As for 
its global reach, due to the high costs and inefficiencies of cross-border 
payments, many banks, businesses and consumers are shut out of the 
current system. 
The litany of pain points -- low speed, limited transparency and 
high cost -- from the current system stem from the lack of a single, 
global payments network. The fragmentation of existing networks 
has significant downstream impact; primarily, it results in a marginal 
experience for all parties involved in cross-border payments. Without 
direct connectivity between transacting parties, factors such as traceability 
and timing are a black box to sending and receiving banks, businesses 
and consumers. 
Because of the high processing costs from one network to the next that 
are passed down to end users, it limits banks’ addressable market and 
impacts their servicing capabilities. The lack of standardization across 
networks impacts functionalities such as data transfer -- making it 
unreliable for end users to send critical information with their transaction. 
The result is driving businesses and consumers from banks to FinTech 
providers that can more adequately meet their needs. 

RippleNet

One Connected Global Payments Network

RippleNet delivers a single, frictionless experience for global payments.
Rather than a constellation of disparate technologies, unstandardized 
communications and centralized networks, RippleNet is a single, global 
network of banks that send and receive payments via Ripple’s distributed 
financial technology -- providing real-time messaging, clearing and 
settlement of transactions. 
RippleNet is a decentralized network based on an agreement between 
Ripple and network participants -- all of which utilize the same technology 
and adhere to a consistent set of payment rules and standards. 
RippleNet banks benefit from the robust connectivity, standardized 
technology and rich data attachments with each payment. Ripple’s 
distributed financial technology outperforms today’s infrastructure by 
driving down costs, increasing processing speeds and delivering end-to-

end visibility into payment fees, timing and delivery. 

Solution Overview ripple