This article was first published on: Insights – Ripple --
Starting today, Ripple will offer a unique reward for financial institutions that are the first in their markets to process and promote commercial payments on RippleNet. The reward will come in the form of rebates through the new RippleNet Accelerator Program.
Building on growing network effects, the RippleNet Accelerator Program is funded by $300 million of XRP from Ripple’s XRP holdings. The program consists of a Volume Rebate and an Adoption Marketing Incentive.
Volume Rebate of XRP
The Volume Rebate provides license and integration-fee rebates to RippleNet members once they’ve reached integration and volume milestones by certain deadlines. Depending on the volume processed, these rebates can cover anywhere between 50 to 300 percent of the integration fees and first year’s license fees.
This rebate — available in XRP or USD — is designed to accelerate adoption and usage of Ripple solutions. Selling restrictions will apply to customers that elect to receive their rebate in XRP to ...
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