How RippleNet Works in 2020 With On-Demand Liquidity [ ODL ]

How RippleNet Works in 2020 With On-Demand Liquidity [ ODL ]

How On-Demand Liquidity Works
RippleNet customers can use XRP to bridge two
currencies in under three seconds, ensuring
payments are quickly sent and received in local
currency on either side of a transaction.

With a single connection, access the best blockchain technology for global payments, payout capabilities in 40+ currencies, On-Demand Liquidity as an alternative to pre-funding, and operational consistency through a common rule book.

Enable Global Payments for Everyone
RippleNet makes it easy for its diverse network of 300+ financial institutions worldwide to enable faster, lower-cost payments around the world.

The Value of RippleNet
Join RippleNet to quickly access new markets, expand your services and deliver the best customer experience in global payments today.

Everywhere
Expand your reach by offering more places and ways to move money

RippleNet icon - Reliable Build trust by increasing visibility and eliminating payment failure
RippleNet icon - Instant Provide instant payments so money arrives when customers need it
RippleNet icon - Low Cost Capitalize on operational and cost efficiencies to further grow your business.

1. The sender requests a quote on pricing and FX.
2. Ripple’s technology calculates the pricing and FX across all parties, and returns a quote to the sender.
3. The sender accepts the quote and submits payment instructions, initiating the payment.
4. The send-side exchange debits the sender’s account, and converts that amount (less fees) into XRP.
5. XRP is sent across the XRP Ledger (settles in 3 seconds) from the send-side exchange to the receive-side exchange.
6. The receive-side exchange converts XRP into local currency, and credits the sender’s account (less fees).
7. Ripple’s technology confirms the amount received is accurate, and will top up the sender’s account if needed.
8. The receive-side exchange forwards the payment to the receiver.
9. The receiver forwards the payment if necessary.
10. The sender and receiver confirm the transaction is complete