Cross River Bank is integrating Ripple's RLUSD stablecoin into its Core Operating System, with support for the XRP Ledger. The bank wants fintech customers to use blockchain settlement next to conventional payment rails. Neither company framed it as a replacement for existing networks.
Cross River Bank said on October 15 that it is integrating Ripple USD, or RLUSD, into its proprietary Core Operating System, with support for the XRP Ledger. The US bank is adding a stablecoin to the machinery it uses to move money for fintech customers.
The aim is to make on-chain settlement another available route rather than a separate payment product. Businesses connecting through Cross River's platform could use stablecoin rails alongside ACH, wire transfers and other bank payment services.
Why Ripple pitches RLUSD for payments
On the XRP Ledger, transactions are designed to settle in roughly three to five seconds, at costs that can be a fraction of a cent. Those traits help explain why Ripple is pitching RLUSD for cross-border payments, merchant settlement and treasury transfers outside traditional banking hours.
However, blockchain speed is not the same as the time money takes to reach an end recipient. Compliance reviews, currency conversion and the off-ramp back into a bank account can all add steps.
What each company gets
Cross River supplies financial infrastructure to other businesses, so stablecoin support is part of a broader attempt to offer different payment methods through one integration. For Ripple, the deal gives RLUSD another path into regulated banking workflows.
Neither company described the deal as an overnight replacement for existing payment networks. The nearer-term picture is a bank adding another settlement tool, with adoption depending on which fintechs find it useful enough to integrate.
Source: Bitcoinist
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