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Connecting Payment Systems. Some text goes here. Global, decentralized, open source network. Company dedicated to supporting Ripple’s development. Free. In any currency. Secure. Global. Fast. Ripple payments are…. ACH settles in 3+ days vs. 5 seconds on Ripple. - PowerPoint PPT Presentation
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Evan Schwartz
Connecting Payment SystemsSome text goes here
Evan Schwartz
Global, decentralized,
open source network
Company dedicated to supporting
Ripple’s development
Evan Schwartz
Free In any currencySecur
eGlobalFast
Ripple payments are…
Wire transfers cost $5+. $1 pays for 5+ million transactions on Ripple
ACH settles in 3+ days vs. 5 seconds on Ripple
Evan Schwartz
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Payments technologies are not interoperable
Evan Schwartz
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Inter-network transfers are slow and expensive
Evan Schwartz
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Web payments need decentralized clearing and settlement
Evan Schwartz
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Ripple connects payment technologies
Evan Schwartz
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Ripple connects payment networks
Evan Schwartz
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Basic Users Merchants Market Makers Gateways
Ripple has four broad categories of users
Evan Schwartz
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Send from any currency to any currency
Evan Schwartz
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Receive only the currencies you want
Evan Schwartz
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Market makers facilitate exchange
Evan Schwartz
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Market makers compete on distributed exchange
Evan Schwartz
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Financial institutions serve as entry and exit points on Ripple
Evan Schwartz
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Deal only with institutions you trust
Evan Schwartz
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Connected, without needing any prior arrangements
Evan Schwartz
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• Connects other payment technologies• Global, distributed, open source
network• Fast, free, secure, and easy to
integrate