Understanding How Ripple’s Interledger Protocol Works

Payment networks are now fragmented and disjointed. Transferring money within a nation or between accounts on the same system or ledger is quite simple. The same goes for transferring money between accounts on a different network or ledger. In most cases, however, transmitting data from one ledger to another is unfeasible. Even in places where connections are available, they are often manual, sluggish, or costly. Ripple’s Interledger Protocol allows the routing of payments across multiple digital asset ledgers. Meanwhile, it protects both…

Dutch Central Bank Hails Ripple’s Capacity For Real-Time Payments

De Nederlandsche Bank (DNB), which is Netherlands' central bank, has shown interest in Ripple's payment protocol. The bank hailed Ripple's network as an excellent infrastructure that can boost the Dutch payment system's efficiency and speed. DNB referenced research conducted by the National Forum on innovative ways to improve the Dutch retail payment system. The study found that Ripple could offer financial institutions such as banks the infrastructure needed to facilitate real-time payments. As per the research, Ripple's fast blockchain technology…