Ripple, known for its work in cross-border payments, has announced a new partnership with financial platform OpenPayd to expand the functionality of its stablecoin RLUSD.
Strategic Partnership with OpenPayd
OpenPayd, a London-based platform providing banking services through a single API, has entered into a strategic partnership with Ripple. This alliance aims to enhance the accessibility and scalability of payment solutions for enterprise clients.
Support for Cross-Border Payments
The partnership between Ripple and OpenPayd is focused on supporting cross-border payments through OpenPayd's real-time fiat infrastructure, including instant payment channels and multi-currency accounts. This allows companies to effectively switch between fiat currencies and RLUSD.
Ripple Development and New Features
The Ripple USD stablecoin (RLUSD), launched in December 2024, has reached a market capitalization of $455.52 million. Recently, Ripple also partnered with AEON to integrate XRP and RLUSD into the AEON Pay mobile platform, facilitating broader usage of these cryptocurrencies in everyday transactions.
The partnership between Ripple and OpenPayd opens new opportunities for businesses and users, allowing easy use of RLUSD in cross-border payments, promoting more efficient exchange and competitiveness in global financial markets.
