Ripple and Aeon have announced a collaboration to integrate RLUSD and XRP payments into the AEON Pay network, allowing over 20 million merchants globally to utilize these cryptocurrencies.
Details of the Ripple and Aeon Partnership
The integration of RLUSD and XRP into the AEON Pay network aims to provide access for over 20 million merchants worldwide. This significantly enhances the utility of the stablecoin RLUSD and boosts competition with USDC.
Impact on the Payment Market
The partnership between Ripple and Aeon may lead to increased transaction volumes and liquidity for RLUSD and XRP, facilitating broader adoption of these assets in the digital payments market. The integration also aligns with global trends in digital payments.
Expert Opinions on the Cooperation
Gracy Chen, CEO of Bitget, stated: "We're excited to partner with Ripple, a team that has consistently pushed forward the adoption of crypto... RLUSD stands out as one of the few stablecoins issued by a NYDFS-chartered limited purpose trust company, placing it in a uniquely clear regulatory framework."
The Ripple and Aeon partnership represents a significant step in payment technology and could significantly alter the digital payment market, promoting transparency and stability in cryptocurrency usage.
