In part one of our two-part series, we heard from RippleX engineers that are ideating, creating and executing on new applications using cutting-edge blockchain and crypto technology.
Now, we’ll explore how the RippleNet engineering team is building the foundational payments infrastructure on the XRP Ledger that will allow value to move as easily as information moves today.
If you’ve ever had to transfer funds from one side of the world to the other, you understand what a slow, grueling, expensive process this can be. Before RippleNet, the fastest way to move money across borders would have been to fly across the globe with a suitcase full of cash.
Excessive intermediaries, slow transfer times and high fees have been a detriment to individuals living abroad and international businesses that are dependent on traditional payment rails. The opportunity to improve cross-border payments is ripe for the taking, and RippleNet engineers have been building the blockchain solutions to enable a more inclusive, efficient global payments system.
“RippleNet’s payments [solution] is a more mature product already. The first real world use case to really leverage that technology—blockchain—to solve a real world problem,” says Hengheng Chen, a Data Scientist who has played a key role in this development during her years at Ripple.
Since Ripple’s inception, engineers have been central to understanding the capabilities and limitations of our products in order to improve, evolve and scale the technology to where it is today—including those outside of crypto backgrounds who can provide diverse feedback and holistic perspectives.
“Engineers shape the product. They shape the architecture,” remarks SVP of Engineering Devraj Varadhan.
This team has brought to life the capabilities of XRP—the digital asset native to the XRP Ledger which was purpose-built for payments and doesn’t require mining—making progress on services like On-Demand Liquidity and Line of Credit which are continuously refined through collaboration between engineers and cross-functional teams.
To engage with even a fraction of this $130T cross-border payments market is a significant undertaking, but the RippleNet engineering team is always up for the challenge. Not many engineers can say they brought crypto solutions to an antiquated international payments system, let alone say they’re an original builder of a technology that will touch millions of lives around the world.
“Being an engineer and working on something that could be life changing for everybody on the planet is really inspiring,” notes Matt Curcio, VP of Data, who has seen the customer base grow to more than 55 countries and six continents.
To continue enabling the global adoption of crypto solutions, RippleNet engineers have begun developing Liquidity Hub which will allow companies to easily and efficiently source digital assets from the broader crypto market. While still in the early stages, passionate engineers are building out white glove features like a single API to connect multiple liquidity pools, smart order routing and advanced algorithms to source a variety of digital assets at optimized pricing.
Ripple CTO David Schwartz says it best: “Biggest thing that I look for in an engineer is their ability to pick up new skills. Six months from now, the technology is going to be things that didn’t exist six months ago anyway.”
Leverage your versatility alongside other RippleNet engineers in building superior crypto solutions that will reach millions and impact generations.