Ripple, a silicon-valley based fintech company, specifically a distributed ledger start-up, has been elected to fill 1 out of the 16 seats in the Federal Reserve\u2019s Faster Payments Task Force, a\u00a0US regulator\u2019s flagship of payments modernization, in June 2015.<\/p>\n
The company is mainly utilizing distributed financial technology, built around an open and neutral protocol, to enable banks using different ledgers send real-time global payments across networks. The technology is secured by cryptography, where transactions flow end-to-end immutably with information backed-up redundantly. Moreover, it is designed to fit within a bank\u2019s existing infrastructure, so that banks are the biggest potential customer and beneficiary for the company.<\/p>\n
The key features of Ripple Networks include \u201cdirect bank-to-bank settlement with no central operator, capacity to process the world\u2019s cross-border payments volume, complete transaction privacy for each financial institution, PII data stays behind each bank\u2019s firewall, integration with existing systems and standards, ability to connect traditional and emerging financial networks<\/em>\u201d. The company already gained customers that are from 9 countries and 1\/3 out of world top 50 banks for all these high-performance services, with\u00a0one of\u00a0its most important features–lower processing costs, as a huge plus\u00a0.<\/p>\n Source: https:\/\/ripple.com\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Ripple, a silicon-valley based fintech company, specifically a distributed ledger start-up, has been elected to fill 1 out of the 16 seats in the Federal Reserve\u2019s Faster Payments Task Force, a\u00a0US regulator\u2019s flagship of payments modernization, in June 2015. The company is mainly utilizing distributed financial technology, built around an open and neutral protocol, to … Continue reading \u201cRipple\u201d the Global Transaction Settlement Network<\/span><\/a><\/p>\n","protected":false},"author":1838,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-522","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"xiaoge","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/xiaoge\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"Ripple, a silicon-valley based fintech company, specifically a distributed ledger start-up, has been elected to fill 1 out of the 16 seats in the Federal Reserve\u2019s Faster Payments Task Force, a\u00a0US regulator\u2019s flagship of payments modernization, in June 2015. The company is mainly utilizing distributed financial technology, built around an open and neutral protocol, to…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1838"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=522"}],"version-history":[{"count":3,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/522\/revisions"}],"predecessor-version":[{"id":534,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/522\/revisions\/534"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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