How DLT is Used by RippleNet to Rethink Cross-Border Payments

Marjan Delatinne

Global Head of Banking

About Ripple

Founded in 2012

350+ employees in San Francisco, London, Mumbai, Singapore, Sydney, New York, Tokyo, São Paulo

Provides enterprise blockchain-based solutions focused on cross-border payments

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A Sample of Our 200+ Customers

What’s at stake?Cross-border payments are at $27 trillion and growing...

Source: BCG

Current State of Blockchain

The Current State of Blockchain

Technology BreakthroughOne design for all use cases

Ford Model T

The Current State of Blockchain

Technology BreakthroughOne design for all use cases

Maturity Designs specific to use cases

Ford Model T

The Current State of Blockchain

Payments

Securities Reconciliation

Trade Finance

Technology BreakthroughOne design for all use cases

Maturity Designs specific to use cases

Blockchain & Distributed Ledger Technology

Blockchain Use Cases Generate Payments

Trade Finance

Securities

Internet of Things

Lending

Smart Contracts

P A Y M E N T S

9

Current State of Payments

Slow3-5 days

Unreliable6% fail

Costly$10 trillion trapped

Global Payments Today

Today’s Customer Demands

Elegant experience

On-demand,real-time

No delays or failures

Low-cost,inexpensive

Digital Assets

Can They Fix Payments?

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USD

PayeePayer

USD/XRP Transfer XRP XRP/MXN MXN

Total transaction time = ~1 minute (vs. ~2+ days for a wire transfer)

XRP exposure time = ~30 seconds

Sample Cross-Border Payment Using a Digital Asset

XRP

BTC

ETH

Speed Cost Scalabilitytransactions/secondper transactionper transaction

1,500 TPS$0.00043 sec

32 TPS

16 TPS$0.42

$2-203,318 sec

90 sec

XRP: The Digital Asset for Payments

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Digital Assets Create On-Demand Liquidity for Payments

Float sitting in transaction accounts globally

$10 Trillion

Liquidity on demand

No Float

BlockchainBanks Mobile Money Online Wallets

Payment Networks Are Disconnected

BlockchainBlockchain Blockchain Blockchain

Blockchain Does Not Solve This Problem

Interledger Project

Open Protocol Community Group @ W3C 275 Contributors

Banks

Central banks

Payments companies

Tech giants

Consulting companies

Blockchain companies

The protocol for connecting ledgers.

BlockchainsBanks Mobile Money Online Wallets

Internetworking for Payments

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Use Digital Assets Where They Add Value

Digital Assets+

Interledger Payments=

Internet of Value