Interledger Protocol (ILP)

Business Profile

Core Value Proposition

Interledger Protocol provides an open, interoperable payments network that connects banks, mobile money systems, fintech platforms, and networks to move value across different ledgers.

Target Customer

{"Banks and traditional financial institutions","Mobile money systems","Fintech platforms and networks","Remittance senders and recipients","Small businesses and merchants","Gig workers and content creators","Educators, policymakers, and advocates focused on digital financial inclusion"}

Key Differentiator

Open-source Interledger technology with open standards governed by a neutral steward (Interledger Foundation), combined with grantmaking, education, and policy advocacy to accelerate adoption and financial inclusion.

Implementation Timeline

Not explicitly stated; ongoing grantmaking and ecosystem development. Data points available include 2020–2025 copyright years and ongoing activity.

Pain Points

1High transaction costs and slow settlements
2Disconnected local and global payment systems
3Limited digital financial tools for creators, freelancers, and the unbanked

Key Features

1Open standards and protocols for cross-ledger payments
2Breaks down payment instructions into small packets routed by a network of connectors
3Open-source technology
4Interledger enables payments across currencies and financial systems
5Foundation-backed grants, education initiatives, and ambassador programs to drive adoption

Target Customer Industries

Decision Makers

1President & CEO
2Chief Operating Officer
3Chief Technical Officer
4Chief Program Officer
5Communications Director
6Chairperson (Board of Directors)

Client Results

1$21 million awarded in grants
2271 projects supported to date
342 countries represented globally

Competitive Advantages

1Open standards and interoperable cross-ledger payments
2Open-source technology enabling broad participation
3Neutral stewardship of Interledger by the Interledger Foundation
4A holistic approach combining technology, policy advocacy, and grantmaking
5Global reach with recognition across many countries (42 represented in grants program)

Key Benefits

1Borderless and frictionless payments across platforms and currencies

2Open access to a global, interoperable digital financial infrastructure

3Interoperability across platforms, currencies, and borders

4Programmable transactions enabling new business models (e.g., real-time tips, pay-as-you-go utilities)

5Active ecosystem support through open-source tooling, education, and community initiatives

Additional Product Information

Product Description

Open-source protocol and standards that enable payments across different ledgers and currencies, coordinated via connectors to reach recipients, designed to enable seamless, interoperable digital payments.

Target Market

{"Global population lacking inclusive access to digital financial services","Banks and traditional financial institutions seeking interoperable payment capabilities","Fintechs and payment networks aiming for cross-ledger interoperability","Remittance providers and cross-border payment services","Small businesses and merchants needing unified payment integrations","Gig workers and content creators seeking faster, more reliable payments"}

Unique Value Proposition

A combination of open, interoperable payment technology (ILP) and mission-driven grantmaking, policy engagement, and community-building led by a neutral steward to accelerate inclusive digital finance worldwide.

Technical Requirements

Interledger Protocol is described as open standards and open-source technology; payments are broken into packets routed by connectors across ledgers. No specific hardware or platform requirements are stated in the provided content.

Pricing Model

Not specified; the Interledger Foundation operates as a nonprofit grantmaking foundation funding projects, education, and advocacy rather than selling a product with standard pricing.

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