Products

Ripple offers two products for cross border payments:

  • RippleNet
  • On-Demand Liquidity

RippleNet

RippleNet is a peer-to-peer distributed application that maintains a virtual ledger to emulate Nostro and Vostro accounts and relationships and consists of a bi-directional messaging layer and a settlement layer. Instead of accessing the core banking systems of financial institutions, your middleware will integrate with RippleNet, using API operations that replicate funding into the RippleNet virtual accounts.

RippleNet is deployed within a cloud environment hosted by Ripple, significantly lowering your on-site technical infrastructure costs. We fully test each RippleNet release for backward compatibility before deployment. Our operations team provides maintenance, upgrades, 24/7 monitoring, and support. This saves you from hardware and staffing expenses, and provides a higher quality of service to your customers.

RippleNet is also SOC 2 certified by independent auditors, ensuring safeguards in security, availability, confidentiality, and privacy.

RippleNet Features

The main features of RippleNet include:

  • The RippleNet APIs
  • Ripple Payments ODL UI

RippleNet API

RippleNet provides a set of APIs that enable rapid scaling, efficient processing, and enhanced strategic capabilities. The set of APIs includes:

  • RippleNet Server
  • RippleNet Orchestration
  • Smart Liquidation Service
  • Report Service

You can integrate RippleNet with your payment system using a few API operations. Our broad selection of API operations lets you add any feature required by your use case.

  • Quickly and easily establish connections
  • Reuse existing technology integration for short time-to-market
  • Consistent, efficient operational network
  • Network roadmap enables future improvements

Ripple Payments ODL UI

Ripple Payments is a user interface designed to help you manage all aspects of your business on RippleNet, from peering with network partners to monitoring payments.

  • Create new payments
  • Monitor and troubleshoot payments
  • Analyze payment execution
  • Manage Ripple Payments users
  • Set up and manage accounts
  • Define your institution profile
  • Manage and retrieve API credentials
  • View your partner's RippleNet Payment Object schema
  • Define a RippleNet IP Allowlist
  • Monitor instance health
  • Check partner connections
  • Create service desk tickets for technical support

On-Demand Liquidity

On-Demand Liquidity (ODL) is a unique liquidity management solution for RippleNet that allows customers to instantly, easily, and efficiently move money across borders and currencies, without needing to pre-fund in any market. In turn, ODL reduces operational costs and frees up working capital for organizations, all while operating 24/7/365, dramatically increasing the speed of cross border settlement.

ODL uses the digital asset XRP as a bridge currency, sourcing liquidity on-demand, and moving funds in real time.

ODL provides:

  • Real-time settlement of payment funds
  • Access to payout rails around the globe
  • Upfront visibility of fees in addition to end-to-end payment status
  • Automatic payout from certain exchanges to the beneficiary's bank account