Ripple continues to advance its digital payment solutions despite its legal battle with the SEC, announcing a partnership with AEON to implement XRP and RLUSD at over 20 million retail points.
Court Denies Settlement Revisions
Earlier today, Judge Analisa Torres denied Ripple and the SEC’s joint request to amend the final judgment, blocking a fast-tracked $50 million settlement. This rejection marks another episode in the ongoing legal drama surrounding Ripple.
Ripple Partners with AEON
Ripple has partnered with AEON, a significant Web3 payments company, to integrate XRP and RLUSD into everyday transactions. This partnership enables users to pay at over 20 million merchants worldwide, including well-known brands like McDonald's and Starbucks.
RLUSD and its Impact on XRP
RLUSD is Ripple’s new USD-backed stablecoin built on the XRP Ledger. It’s designed for seamless integration into real-world transactions with XRP facilitating backend settlements. Users can easily utilize RLUSD, and in turn, the XRP market gains additional volume and liquidity from each transaction.
Ripple continues to actively work on embedding its technologies into daily transactions, despite ongoing legal disputes. The partnership with AEON may significantly accelerate the adoption of XRP and RLUSD in the global retail market.
