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A new Ripple partnership has made the RLUSD stablecoin available for enterprise payments
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Businesses are now able to use the RLUSD stablecoin as a payment method for B2B, settlement and treasury
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This Ripple Partnership aims to streamline cross border enterprise payments using RLUSD coin
Ripple entered into a partnership with global payments firm OpenPayd to promote the adoption of RLUSD, its new enterprise-grade, stablecoin.
This collaboration merges OpenPayd’s “banking-as-a-service” platform with Ripple’s blockchain technology to create a new, powerful solution for global enterprise payments.
New Solution for Enterprise Payments
OpenPayd’s business clients can now mint and burn Ripple’s RLUSD stablecoin directly. This feature will streamline their corporate treasury operations and settlements.
Related Ripple joins forces with Zand Bank, Mamo and Mamo in UAE to transform cross-border payments
The system allows for seamless transitions from fiat to digital currencies by integrating the RLUSD with OpenPayd’s existing real-time payments rails in euros and British Pounds. This integration will reduce the friction and time associated with cross-border enterprise payment.
The ‘Ripple standard’ for the RLUSD Stablecoin
The RLUSD stablecoin was launched by Ripple at the end of 2024. It is a USD-pegged currency issued under the strict regulatory supervision of the New York Department of Financial Services. The RLUSD stablecoin is a perfect instrument for regulated enterprise payment due to its focus on compliance.
Early adopters, like BKK Forex, are already using the stablecoin to improve treasury and facilitate faster cross-border settlements.
Game-Changer for B2B Transactions
The partnership between Ripple, OpenPayd and Ripple signals a more sophisticated approach to global enterprise payment.
Related Ripple’s RLUSD stablecoin is now available in 173 countries via AlchemyPay
It combines Ripple’s fully regulated RLUSD Stablecoin with an adaptable platform for international banking to facilitate faster, more compliant financial transactions.
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