Ripple payment protocol

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

Other resource

Peer Pressure, The Treasurer, April 2014