financial institutions

financial institutions

Ripple - Real Time Cross Border Transactions

5h ago
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Description

Ripple is infrastructure technology that empowers financial institutions to make real-time, cross-border transactions for their customers. Ripple’s distributed tools and global network enable speed, certainty and reach at a lower settlement cost than previously possible. Effectiveness Criteria addressed: • U.5 Cross-border functionality • U.6 Applicability to multiple use cases • E.1 Enables competition • E.2 Capability to enable value added services • F.1 Fast approval • F.2 Fast clearing • F.3 Fast availability of funds to payee • F.4 Fast settlement among depository institutions and non-bank account providers • F.5 Prompt visibility of payment status • S.3 Payment finality • S.4 Settlement approach