Monetization: Payments made by a user to a website, facilitated through a monetization provider. Monetization provider: The party making payments on behalf of the user. A monetization provider leverages the Interledger Protocol suite of protocols and technologies (e.g., [Open Payments] based on [STREAM]) to provide a high-level way to pay a monetization receiver. Monetization receiver: The party receiving payments on behalf of the website, whose details are provided by a payment pointer. Payment Pointer: A URL to an Open Payments API entry-point (i.e., a JSON resource containing details that facilitate payment to an account). Payment session An session between a monetization provider and monetization receiver initiated by the user agent at the monetization receiver. One or more payments can be initiated by the monetization provider in a single session.

Interledger is utilized by Ripple Labs to connect bank systems across borders where the Ripple (XRP) token functions as a standardized settlement layer between global banks, making Ripple somewhat akin to a digital hawala service.