Ripple payment protocol
From ACT Wiki
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
