connecting payment systems
DESCRIPTION
Connecting Payment Systems. Some text goes here. Global, decentralized, open source network. Company dedicated to supporting Ripple’s development. Free. In any currency. Secure. Global. Fast. Ripple payments are…. ACH settles in 3+ days vs. 5 seconds on Ripple. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Connecting Payment Systems](https://reader035.vdocuments.site/reader035/viewer/2022062322/56814dbc550346895dbb131b/html5/thumbnails/1.jpg)
Evan Schwartz
Connecting Payment SystemsSome text goes here
![Page 2: Connecting Payment Systems](https://reader035.vdocuments.site/reader035/viewer/2022062322/56814dbc550346895dbb131b/html5/thumbnails/2.jpg)
Evan Schwartz
Global, decentralized,
open source network
Company dedicated to supporting
Ripple’s development
![Page 3: Connecting Payment Systems](https://reader035.vdocuments.site/reader035/viewer/2022062322/56814dbc550346895dbb131b/html5/thumbnails/3.jpg)
Evan Schwartz
Free In any currencySecur
eGlobalFast
Ripple payments are…
Wire transfers cost $5+. $1 pays for 5+ million transactions on Ripple
ACH settles in 3+ days vs. 5 seconds on Ripple
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Evan Schwartz
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Payments technologies are not interoperable
![Page 5: Connecting Payment Systems](https://reader035.vdocuments.site/reader035/viewer/2022062322/56814dbc550346895dbb131b/html5/thumbnails/5.jpg)
Evan Schwartz
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Inter-network transfers are slow and expensive
![Page 6: Connecting Payment Systems](https://reader035.vdocuments.site/reader035/viewer/2022062322/56814dbc550346895dbb131b/html5/thumbnails/6.jpg)
Evan Schwartz
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Web payments need decentralized clearing and settlement
![Page 7: Connecting Payment Systems](https://reader035.vdocuments.site/reader035/viewer/2022062322/56814dbc550346895dbb131b/html5/thumbnails/7.jpg)
Evan Schwartz
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Ripple connects payment technologies
![Page 8: Connecting Payment Systems](https://reader035.vdocuments.site/reader035/viewer/2022062322/56814dbc550346895dbb131b/html5/thumbnails/8.jpg)
Evan Schwartz
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Ripple connects payment networks
![Page 9: Connecting Payment Systems](https://reader035.vdocuments.site/reader035/viewer/2022062322/56814dbc550346895dbb131b/html5/thumbnails/9.jpg)
Evan Schwartz
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Basic Users Merchants Market Makers Gateways
Ripple has four broad categories of users
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Evan Schwartz
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Send from any currency to any currency
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Evan Schwartz
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Receive only the currencies you want
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Evan Schwartz
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Market makers facilitate exchange
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Evan Schwartz
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Market makers compete on distributed exchange
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Evan Schwartz
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Financial institutions serve as entry and exit points on Ripple
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Evan Schwartz
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Deal only with institutions you trust
![Page 16: Connecting Payment Systems](https://reader035.vdocuments.site/reader035/viewer/2022062322/56814dbc550346895dbb131b/html5/thumbnails/16.jpg)
Evan Schwartz
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Connected, without needing any prior arrangements
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Evan Schwartz
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• Connects other payment technologies• Global, distributed, open source
network• Fast, free, secure, and easy to
integrate