Ripple’s Interledger Protocol Solution for Apple Pay

Payment systems are constantly evolving as companies seek faster and easier ways to move money. Users desire simple transactions, and businesses want networks that connect without delays. This drive for improved communication between systems brings new standards into view.

SMQKE (@SMQKEDQG), a recognized crypto researcher, highlighted one example involving Ripple technology and a recent Apple Pay update.

A Clear Fix for Isolated Payment Networks

An accompanying document explains a significant issue in digital payments: many networks operate in isolation and do not connect well with others. This can lead to transfers taking days, with international payments taking even longer. The text indicates that Ripple’s Interledger Protocol offers a solution to this problem.

The protocol functions as a bridge between different ledgers. Each ledger that joins the network establishes an endpoint with an Interledger address, enabling any connected ledger to send value to another with ease. The document describes this as a "network of networks."

Institutions that join only need to interact with their own Interledger module. Once connected, they can transfer payments to any other ledger within the system. This setup effectively removes friction from payment systems.

Furthermore, it allows older digital systems and modern blockchain systems to operate together, simplifying the process for banks, payment providers, and users.

Apple Pay’s Update and the Link to Interledger

The document also highlights a key point regarding Apple Pay. It states that "Apple’s recent update to the Apple Pay system introduces the Payment Request API" and, more significantly, Ripple’s Interledger Protocol.

This integration is noteworthy because Apple Pay holds a substantial share of the mobile payments market. Millions of individuals use Apple devices, and when a system of this magnitude adopts a new protocol, developers and merchants tend to pay close attention. The document emphasizes Apple's influence over a large segment of the mainstream public, suggesting this integration could introduce that market to XRP.

XRP and the Interledger Protocol stand to gain considerable exposure through a service used daily by many consumers. Users do not need to alter their behavior; they simply continue using Apple Pay. This allows XRP to gain visibility without requiring users to learn a new system.

How This Can Help XRP’s Price Growth

The article suggests that increased adoption of the Payment Request API could position XRP as the first cryptocurrency to achieve widespread use. While the Interledger Protocol does not mandate XRP for every transfer, this growth could attract more attention to the digital asset.

As more companies build on systems connected to Ripple's technology, confidence in XRP can increase. Higher confidence often correlates with higher trading volume. Stronger market activity can, in turn, support price growth over time.