RippleNet is a decentralized global network of banks and payment providers using Ripple’s distributed financial technology, which provides real-time messaging, clearing,and settlement of financial transactions. Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally.

Key Ripple products that enable RippleNet members include:

Ripple’s software, xCurrent, enables banks to differentiate themselves by offering new cross-border payments services while lowering their total cost of settlement. The solution is specifically designed to meet the needs of banks by fitting within their existing risk, compliance,and information security frameworks. Ripple’s software is installed within the bank’s infrastructure and is built to interface with the bank’s systems using an API interface or through a translation layer that can consume traditional payment message formats to compress the integration time frame into weeks.

xRapid lets payment providers and other financial institutions minimize liquidity costs while improving their customer experience. Because payments into emerging markets often require pre-funded local currency accounts around the world, liquidity costs are high. xRapid helps to lower the capital requirements for liquidity. xRapid uniquely uses a digital asset, XRP, to offer on-demand liquidity, which lowers costs while enabling real-time payments in emerging markets. Built for enterprise use, XRP offers banks and payment providers an efficient, scalable, reliable liquidity option to service cross-border payments.

xVia is for corporations, payment providers,and banks that want to send payments across various networks using a standard interface. xVia's simple API requires no software installation and enables users to send payments globally with transparency into the payment status and with rich information, like invoices, attached.


By joining RippleNet, banks, payment providers, exchanges, and corporates can address many commercial use cases, including:

  • e-Invoicing 
  • International supply chain payments
  • Global currency account 
  • Real-time cashpooling
  • International bill pay
  • Real-time remittances and international P2P payments

Ripple collaborates with financial institutions worldwide; more than 100 financial institutions have joined RippleNet, including:

  • Santander (USA)
  • Canadian Imperial Bank of Commerce (Canada)
  • Kotak Mahindra Bank (India)
  • Itaú Unibanco (Brazil)
  • IndusInd (India)
  • InstaReM (Singapore)
  • BeeTech (Brazil)
  • Zip Remit (Canada)
  • LianLian (China)
  • RAKBANK (U.A.E.)
  • IFX (U.K.)
  • TransferGo (U.K.)
  • Currencies Direct (U.K.)
  • Airwallex (Australia)
  • SEB (Sweden) 
  • SBI Remit (Japan)
  • Siam Commercial Bank (Thailand)
  • Krungsri (Thailand)
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To learn more about how Ripple helps organizations streamline global payment processes, review the following resources: