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On-DemandLiquidityHarnessing the power of XRP on RippleNet
2 What Is RippleNet?
4 The Benefits of On-Demand Liquidity
6 Why XRP?
8 How It Works
10 Customer Success
12 About Ripple
One frictionless experience to send money globally
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R X A F C A D U S D K Y D X A F X A F C L P C N Y A U D A U D C O P K M F C D F C R C X OF H
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Creating a New Global Payments Infrastructure
The needs of individuals and businesses sending cross-border payments have dramatically evolved. These customers are now demanding real-time, low-cost and fully trackable payments on a global scale. Yet, today’s global payments infrastructure yields an experience that is slow, costly and opaque.
Ripple solves these pain points through RippleNet, a network of banks, payment providers and others. Employing Ripple’s solutions and a standardized ruleset allows for those connected on RippleNet to efficiently send and receive payments around the world.
What Is RippleNet?
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R X A F C A D U S D K Y D X A F X A F C L P C N Y A U D A U D C O P K M F C D F C R C X OF H
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Payment Provider
Local Bank
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Inte
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International Bank
Correspondent Bank
Correspondent Bank
Digital W
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Payment Provider
Loca
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The Benefits of On-Demand Liquidity
Eliminate Pre-Funding in Destination Currencies
Cross-border payments often require banks, payment providers and others to hold pre-funded accounts in destination currencies, known as nostro accounts. Opening and maintaining nostro accounts across different countries is expensive, an inefficient use of cash and limits payment reach to strictly high-volume corridors.
RippleNet customers looking to eliminate the need for nostro accounts can use digital assets like XRP to source on-demand liquidity. XRP allows RippleNet customers to send fast, low-cost payments into hard to reach corridors, while still ensuring that payments are initiated and received in the local currency on either side of a transaction.
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The Digital Asset for Payments
XRP is a digital asset that trades on digital asset exchanges around the world, which RippleNet customers can use to source on-demand liquidity for cross-border payments. XRP was specifically built for payments, making its performance metrics of speed, low-cost and scalability far superior to alternative options.
Speedper transaction
Costper transaction
Scalabilitytransactions per second
XRP 3.6 secs $0.0010 1,500 TPS
BTC 4,680 secs $0.85 32 TPS
ETH 86 secs $0.41 16 TPS
BCH 3,729 secs $0.0037 64 TPS
LTC 889 secs $0.09 56 TPS
On August 5, 2018
Why XRP?
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We believe that digital assets like XRP will play a key role in the future of cross-border payments, helping to safely address some of the structural inefficiencies of legacy settlement infrastructure.- Paul Dwyer, Co-founder and CEO, Viamericas
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How It Works
xRapid
RippleNet customers can choose to access on-demand liquidity by implementing Ripple’s xRapid solution. xRapid is a single API that automates the entire process of instantly moving money from one country to another using digital assets. RippleNet customers simply initiate payments in their local currency and xRapid handles the rest. xRapid converts the local currency into XRP at a digital asset exchange and sends it instantly across the XRP Ledger to the destination country. xRapid then converts XRP back into the local currency on the destination side and forwards the money to the beneficiary.
Originators
USD
EUR
JPY
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MXN
PHP
THB
Digital Asset ExchangeDigital Asset Exchange
Beneficiaries
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Customer Success
A Game Changer
Global payment providers, such as Viamericas, Cuallix, IDT, MercuryFX and others are using xRapid to significantly lower their liquidity costs and send real-time payments — an industry first.
Using xRapid, RippleNet customers have saved up to 70 percent of the typical cost of a transaction, with XRP settlement happening in just three to five seconds.
per typical cost of a transaction70%
SAVINGS
3-5 to settle a payment with XRPSEC
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With Ripple, we can source liquidity through XRP and complete the cross-border payments in seconds.- Nicolas Palacios, CFO Cuallix
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Ripple provides one frictionless experience to send money globally using the power of blockchain technology. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets.
Globally recognized venture capital firms and strategic partners invest in Ripple.
Our Investors
About Ripple
Our Customers
Banks
Banks join RippleNet to offer a differentiated experience to their customers and capture new revenue opportunities.
Payment Providers
Payment providers join RippleNet to accelerate their time to market in new corners of the world.
Others
Financial software providers, mobile wallets and others leverage RippleNet to enhance their cross-border payment breadth and depth.
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09/17/18
