Ripple Payments Direct 2.0

Ripple Payments Direct allows you to connect to Ripple as a payments provider. By using Ripple Payments Direct, you have a direct financial arrangement with Ripple for cross-border fiat payment services. Ripple uses XRP as the bridge currency to move value with near-instant payment settlement. Ripple takes care of delivering payments to beneficiaries, managing payout partners, providing funds to payout partners, and paying charges in exchange for payment delivery to the beneficiaries.

Data flow

Ripple Payments Direct's data flow is simple:

1. You - the payment originator - provide Ripple with payment instructions through Ripple Payments UI.
2. Ripple ensures that your selected beneficiary receives the funds.
3. Ripple Payments UI shows you key events as your payment moves through the different stages of its lifecycle.
4. Once the payment is complete, Ripple adds the payment transaction to your invoice (if invoicing is your chosen funding method).

Features

Ripple Payments Direct provides the following features:

- Onboarding - Simplified customer onboarding experience and general cross-border payment process.
- No crypto - No need to hold or manage cryptocurrency.
- Payment network - A network of payout partners for last mile payment delivery on optimized payment paths to reach a beneficiary.
- Compliance - Guarantee that transactions are compliant with local and national regulations.

Use cases

Ripple Payments Direct's supports treasury payments, business-to-business (B2B) payments, business-to-consumer (B2C) payments, and payments you make to a business or an individual on behalf of your customer. As part of these use cases, you can transfer funds to a foreign bank account, for example for:

- Payroll
- Liquidity management for subsidiaries
- Vendor/supplier payments