Ripple payment protocol: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add link.) |
||
| Line 22: | Line 22: | ||
* [[Distributed ledger]] | * [[Distributed ledger]] | ||
* [[Fintech]] | * [[Fintech]] | ||
* [[Peer-to-peer]] | |||
* [[Protocol]] | * [[Protocol]] | ||
* [[Society for Worldwide Interbank Financial Telecommunications]] (SWIFT) | * [[Society for Worldwide Interbank Financial Telecommunications]] (SWIFT) | ||
Revision as of 13:49, 16 February 2023
Blockchain - cross-border payments
Ripple is a peer-to-peer protocol for cross-border payments, with no central hub.
SWIFT v Ripple - cross-border payments
- "One possible practical application of blockchain technology has been identified as payments - specifically, cross-border payments.
- Currently, there are two principal approaches being taken: SWIFT gpi with a hyperledger protocol (a closed private blockchain), and Ripple with an interledger protocol (peer-to-peer with no central hub).
- There are pros and cons to both approaches..."
- The Treasurer magazine, September/October 2017, p11 - Technical Briefing.
See also
- Blockchain
- Distributed ledger
- Fintech
- Peer-to-peer
- Protocol
- Society for Worldwide Interbank Financial Telecommunications (SWIFT)
- SWIFT gpi
