RippleNet
Plain definition. RippleNet is one of Ripple’s two products for cross-border payments, a shared system that copies how banks hold accounts with each other so partners can message and settle payments.
Technical definition. Ripple’s product documentation describes RippleNet as “a peer-to-peer distributed application that maintains a virtual ledger to emulate Nostro and Vostro accounts and relationships and consists of a bi-directional messaging layer and a settlement layer.” Rather than reaching into a financial institution’s core banking systems, the institution’s middleware integrates with RippleNet through API operations that replicate funding into the RippleNet virtual accounts. Ripple hosts RippleNet in a cloud environment, and its APIs include RippleNet Server, RippleNet Orchestration, Smart Liquidation Service and Report Service.
On this site
On this site, RippleNet comes up in What is Ripple Payments and how big is it?, How much of Ripple’s payment volume actually uses XRP?, How does a bank go from an ODL pilot to full volume?, Do banks actually use XRP? and Is XRP payment routing live, and has it proven it can win routes?.
Source
Products (docs.ripple.com), read October 1, 2026.