Ripple
Instant Cross-Border Payments.
Overview
Ripple provides a real-time gross settlement system, currency exchange, and remittance network built on a distributed ledger database (the XRP Ledger). Its network, RippleNet, allows banks and payment providers to send money across borders instantly, reliably, and cost-effectively. While not a direct service for NGOs, the underlying technology is designed to improve the speed and cost of the cross-border payments that NGOs rely on.
✨ Key Features
- Cross-border Payments Network (RippleNet)
- Blockchain-based Settlement
- On-Demand Liquidity (ODL)
- Instant Transactions
- Low Transaction Costs
🎯 Key Differentiators
- Use of blockchain technology for real-time settlement
- Focus on providing liquidity solutions for cross-border transactions
- Network of established financial institution partners
Unique Value: Provides the underlying blockchain-based infrastructure for financial institutions to offer significantly faster, cheaper, and more transparent cross-border payments, which ultimately benefits the NGOs that use those institutions.
🎯 Use Cases (3)
✅ Best For
- Uses blockchain technology to process and secure its RippleNet payment network.
- Enables customers to make cross-border payments instantaneously.
- Connects a global network of banks and financial institutions.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Direct use by an NGO to pay a single beneficiary
- Accepting online donations
- Organizations not working through a RippleNet-enabled financial institution
🏆 Alternatives
Offers a fundamentally different, blockchain-based approach to settlement compared to the traditional correspondent banking system used by SWIFT, aiming for instant, low-cost transactions.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Dedicated Support (All tier)
🔒 Compliance & Security
💰 Pricing
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