Connect with Impel

Redefining the standard for cross-border payments and financial messaging

Impel is a fintech innovator that uses blockchain technology to deliver financial messaging, payments, and a bridge to the R3 Corda platform to future-facing banks and fintechs.

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Our Mission

Web3 is redefining what’s possible for our industry

Impel was created to provide a cost-effective alternative to legacy financial messaging solutions like SWIFT and SEPA. We use a decentralized, enterprise-ready hybrid blockchain to securely and quickly send financial messages and payments and enable instant settlement.

This approach will provide an interoperable standard for financial data exchange while also streamlining payments and reconciliation. Financial institutions can use Impel as a catalyst to strategically transform their businesses and unlock value-added opportunities enabled by the new standard.

What we offer

Why do businesses choose Impel?

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Faster payments

We offer real-time payment settlement, instead of the current 2+ day standard via the central banking system. $XDC can be included in the financial message’s payload for instant settlement, either owned outright by the sender or borrowed as a low-cost solution for instant settlement from a community-supported $XDC pool fund.

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Military-grade security

Transactions are routed through a secure API that leverages L2 security developed by a team with decades of experience providing secure technology infrastructure for banks and fintechs. Each validating node on the XDC Network is KYC-compliant and features built-in forensic monitoring to quickly target bad actors.

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Incredibly easy technology adoption

It’s simple and easy to implement Impel’s API for traditional financial messaging — and it’s identical to the current SWIFT API standard.

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ISO 20022-compliant messaging

Impel’s financial messaging meets the ISO 20022 standard, which is quickly becoming the global language for financial messaging.

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No cost except gas fees

We don’t charge implementation, annual membership, or per usage fees. All you pay is the XDC Network’s near-zero gas fee to send messages/payments. That’s how we offer an extremely low transaction cost — just a fraction of a cent ($0.00001 or less) per transaction.

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Simple visibility and management

Impel's service offerings are easy to implement and we provide high-touch, ultra-responsive customer service. Administrative monitoring tools for reporting and management are at your fingertips, and our team is just a message away.

Our technology

The future of secure, lightning-fast financial messaging and cross-border payments

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The power of the blockchain

The XDC Network is an enterprise-ready hybrid blockchain for global trade and finance.

Runs on the XDC Network

Impel’s service offerings run on the XDC Network, a top 100 blockchain project* and a layer-1 blockchain protocol that is Ethereum Virtual Machine (EVM) compatible.

Faster international payments via $XDC

We’re engaged with large global banks, payment companies, and small FIs in emerging markets as part of our pilot implementation roadmap. We expect that Impel’s payment platform will become ubiquitous globally within two years.

*Per CoinMarketCap (CMC)

The R3 Corda | XDC Network Bridge

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A unique technology, this bridge enables $XDC, the coin native to the XDC Network, to move to and from the public Corda Network and to be used as a settlement vehicle inside of the Corda ecosystem, allowing value to move freely between the Corda public network and public blockchain networks like the XDC Network.

With this unique bridging technology, data can be recorded privately on the Corda network, while limited data sets are transferred to the XDC public network, thereby mitigating institutional risk and turning Corda into a hybrid network. By extension, this shared ledger will connect the XDC token with every other CorDapp on the public Corda Network.

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FAQ's

  • What is a blockchain?

    A blockchain is a decentralized and distributed digital ledger that’s used to record transactions across many computers in a way that prevents individual blocks from being altered retroactively.

  • How does the XDC Network compare to other blockchain technology?

    The XDC Network is a fork of GO Ethereum and JP Morgan’s Quorum, so it is an enterprise-grade hybrid blockchain that can support both public and private networks. However, it is much more efficient and significantly less expensive to use with a 2-second block time (with finality) and up to 2,000 transactions per second (TPS), with near-zero gas fees of $0.00001 (or less) per transaction.

  • How is Impel different from my existing messaging service?

    Besides being more secure and significantly faster, Impel does not charge a fee to use its service offerings (except for the low XDC Network fee). This means that Impel is generally a significantly lower-cost solution than legacy providers.

  • Are you ISO 20022 compliant?

    Yes, we are.

  • How secure is Impel, really?

    We use military-grade security, both with our proprietary L2 technology to send the financial messages, as well as forensic monitoring of the XDC Network to quickly identify and shut down bad actors before they become a problem. Plus, all validating nodes are Know Your Customer (KYC) compliant.

  • Is it hard to implement Impel?

    We’ve designed the financial messaging API to be plug-and-play, so your team can just replace your existing API with Impel’s version. For payments, just a bit more modification is required, but our team is ready to help.

  • What are gas fees?

    A gas fee is something all users must pay in order to perform any function on the XDC Network. Gas is the term for the amount of $XDC, the native digital asset coin of the XDC Network, required by the masternodes that run the network. Gas fees are usually very inexpensive, around $0.00001 (or less) per transaction.

  • What kinds of payments can I send?

    Currently, you can send $XDC coin, the native digital asset coin for the XDC Network. In the future, you’ll be able to send any XRC-20 tokens on the XDC Network, including stable coins.

  • Can I try it out?

    Get in touch! We have a live demo for you to see Impel in action. Soon, we hope to have a pilot program available for those who want to verify the strengths and advantages of our technology.

  • What if I have no existing infrastructure?

    Financial Institutions should be using the shift to ISO 20022 to rethink their strategic approach for how payments are integrated into the wider business, infrastructure, and growth strategy. Our highly capable and experienced development team can tailor-fit financial messaging (ISO 20022 compliant standards) and or payments into any business/technology model.

  • Can I invest in Impel via a Token?

    Impel has no plans to release an XRC-20 token on the XDC Network. 

Ready to take the next step?

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