瑞波币-白皮书

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1、ExecutiveSummaryforFinancialInstitutionsRipple:InternetprotocolforinterbankpaymentsJanuary2015-Version1.2Contents2Introduction3WhatisRipple?4WhocanuseRipple?5Whataretheusecases?6HowdoesRipplework?9WhyuseRipple?10IntegratingRipple11AboutADVANTAGESOFTHERIPPLEPROTOCOLTypicalpaymentPaymentviaRippleR

2、eservesProvidedbybankProvidedby3rdpartyCompliancecostsLimitedvisibility=highcostsFullvisibility=lowercostsReconciliationManualAutomaticSpeed(cross-border)2+daystosettle5secondstosettleSpeed(domestic)Upto2daystosettle5secondstosettleRiskMultiplefailurepointsStraight-throughprocessingFXOneFXprovid

3、erCompetitivemarketplaceExecutiveSummaryforFinancialInstitutionsRippleLabsInc.AllRightsReserved.1IntroductionRippleisthefirstopen-standard,InternetProtocol(IP)-basedtechnologyforbankstoclearandsettletransactionsinreal-timeviaadistributednetwork.BankscanuseRippletomakefasterpaymentsinmorecurrenci

4、estomoremarkets-allwithlowerrisksandcoststhanispossibletoday.ThereisaclearopportunitytoimprovetheinfrastructureforinterbankpaymentsBankslargelyrelyonintermediaries(clearinghouses,correspondents)tosettlepayments.Asaresult,banksincurmaterialcostsandrisksthatcanbeprohibitivelyexpensive-especiallyfo

5、rcross-borderandreal-timepayments.OnesolutionforaddressingthisstructuralproblemisRipple.RippleisbasicinfrastructurethatoptimizesthepaymentprocessRippleisaneutral(i.e.non-government,non-corporatepublicgood)Internet-basedprotocolforconnectingbanksandpaymentsystems.BankscanuseRippleasacommonledgert

6、oclearandsettletransactionsinreal-timeatthelowest-possiblecost.Ripplestructurallyaltersthepaymentprocessbyenabling:•Bilateralsettlement:Eliminatesintermediaries,midpointfailure,delays,liftingfees•Real-timefunding:Minimizesexchangespreads,creditrisk,collateralcosts...andconsequentlyenablesnewcapa

7、bilitiesandcommercialopportunitiesBankscanuseRippletoprovidetheirretailandcorporatecustomerswithnewandenhanceddomesticandcross-borderpaymentservices.Theseinclude:real-timepayments,comprehensivetransactiontraceabilityandrepor