[ahopebailie]

This is a pretty good summary.

Interledger (interledger.org) is a protocol stack and a network. The network consists of a number of companies that have setup arrangements to settle payments between them via different payment rails and implemented the Interledger protocol to make those payments.

The Interledger network is used to send payments between these companies consisting of millions of tiny packets (each worth nano-cents) allowing for very small amounts to be sent at close to zero cost.

Coil is one of the companies using the Interledger network as it is perfect for our use case of Web Monetization (which is only viable on a payment network that allows very small payments without a fixed fee).

We originally developed the Interledger protocol at Ripple and there are still folks at Ripple that participate in the community. I think Ripple's incentive for seeing Interledger succeed are well described above.