Wtf is Ryver Protocol?
The short answer is that we’re a second layer protocol for finance built on Avalanche Consensus.
But seriously. Wtf does that mean? Is it just a meaningless bunch of buzzwords meant to generate hype?
Let’s break it down, section by section.
- Avalanche Consensus
Avalanche Consensus is the new family of open-source consensus protocols dramatically unveiled by the enfant terrible of blockchain — Prof. Emin Gün Sirer. It promises high-TPS and instant finality without needing heavy investments in energy.
We chose the use of Avalanche over other more entrenched protocols such as Stellar precisely because it is not as entrenched. Our team has >150 years of banking tech experience, and need the freedom to develop the kind of tools that are needed for bank and non-bank users. Using an entrenched protocol limits us to the tools that are available.
2. Second layer protocol
The crucial addition that we are building on top of Avalanche is the inclusion of a settlement layer that allows all nodes to transmit balances and settle directly between each other rather than going through intermediaries as is done in traditional correspondent banking. This is crucial because Ryver Protocol is not for crypto alone — but also for digitised fiat. The protocol also serves as the channel that allows all digitised fiat to be transmitted and settled.
It also provides smart contract functionality that allows anyone to come onboard and write their own financially-oriented smart contracts that can be adopted by anyone who wants it. For example, a developer could write a smart contract that automates monthly payroll into a dozen banks in three different countries at the click of a button.
3. For finance
The Protocol provides an ecosystem of tools for would-be banks such as ready-built KYC modules, wallets, funds transfers, loan instruments and P2P credit scoring. Thus anyone with the aspiration to be their own bank can do so with the click of a button.
This machine builds banks. Who will then serve as fiat-crypto on-ramps.
However, Tony Sheng raised a great insight recently that the common problem that many smart contract protocols face is achieving end-user adoption. Specifically, he suggests “ Most likely, the first viral hit will be distributed through traditional channels (e.g. App Store, Play Store, WeChat) and the “crypto” part will be functionally invisible.”
We couldn’t agree more.




Presenting the Ryver Protocol Wallet and UI. The Wallet obscures the underlying blockchain technology for the average user who is familiar with existing banking systems and interfaces. We make use of 16-digit codes to abstract the wallet address to make it more accessible for P2P transfers. This also aligns us with the Visa/Mastercard payment system, which allows anyone to use their Visa/Mastercard to transfer money into the system.
Crucially, it has a “Marketplace”.

Marketplace is a misnomer. What it really is, is a gateway into the larger crypto ecosystem, where anyone could host their services and ecosystems and provide their benefits to anyone using Ryver Protocol.
While we are in the early stages, and still need lots of tweaks, we are also in the midst of preparing for it to be held on Google Play Store (because Android is the dominant OS in SEA).
This machine builds banks. Who will then serve as fiat-crypto on-ramps.
