The Interledger network connects financial services that have implemented the Interledger Protocol (ILP) and helps make payments easier, faster and cheaper.
The Interledger Protocol (ILP) grew out of a need to solve complexity within the field of global payments. It’s an open, neutral protocol for transferring money based on TCP/IP, the protocol that defines the Internet. It was designed for sending packets of money across different accounting ledgers, at the speed of the internet.
Traditional payment networks operate independently from each other. Sending money is easy only if the sender and recipient have accounts on the same network, but it can be slow and expensive if they have accounts on different networks.
Interledger makes it easy and inexpensive to send payments in whatever currency or payment network you choose, because Interledger is not tied to any one company, payment network, or currency.
I feel like this will eventually make it easier to create an economy for the little guy without depending on banking and crypto