Core Pillars of the ILF
Our vision
Section titled “Our vision”Send a payment as easily as an email
Section titled “Send a payment as easily as an email”The Interledger Protocol (ILP) eases the friction of digital payments as it provides a bridge for closed networks to transact with each other in ways that are more accessible, efficient, and less costly. This means transactions are not limited to particular banks, mobile money providers, or even borders.
Our mission
Section titled “Our mission”Build equity and inclusion within Interledger
Section titled “Build equity and inclusion within Interledger”We advance our mandate through mission-aligned awards for entrepreneurs, organizations, and government agencies who are from or working with historically marginalized communities.
Our core focus is on:
- Research
- Education
- Financial Services
- Ambassadorships
Our values
Section titled “Our values”Be Open. Be Inclusive. Be Innovative.
Section titled “Be Open. Be Inclusive. Be Innovative.”Our technology will always be open, accessible, and shared with the global community of payment advocates and architects.
It’s a considerable mission to bring the most vulnerable populations into the digital financial ecosystem. Working within communities and with a range of stakeholders is essential to make this dream a reality.
Shaking up the status quo will not happen with the same tried and tired solutions. Fresh perspectives and creative thought partnership is not only welcomed and encouraged, but necessary.
Our technology
Section titled “Our technology”Unlocking Payment Potential
Section titled “Unlocking Payment Potential”Our role is to advocate the benefits of interoperability and inclusivity in digital payment networks, build a strong and sustainable open-source community, and be the neutral home of the Interledger Protocol (ILP) and its associated standards, patents, and trademarks.
The Interledger Protocol (ILP) was created in 2015 by Stefan Thomas and Evan Schwartz. It routes packets of value across the Interledger network just as TCP/IP routes packets of information across the internet. By moving value as seamlessly as the internet moves information, payments set up using ILP are secure, fast, and can be in any currency, including fiat or otherwise. This means transactions are not limited to particular banks, mobile money providers, or even borders.
The Open Payments standard, which supports Interledger as a payment method, allows organizations to build interoperable payment services easier and join the Interledger network faster. This helps more people access digital financial services - and supports the 1.4 billion people who are currently excluded.