“The Partnership Will Integrate Ripple’s Payments Network with OpenPayd’s Fiat Rails, Supporting Ripple USD (Rlusd).”, – WRITE: www.coindesk.com
The News Comes The Day Ripple SAID IT APPLIED FOR A NATURE BANKING LICENSE at the Office of the Currency (OCC). This License would Allow The Company to Expand ITS Crypto Services and Operate Across State Lines Under Federal Regulation.
A Key Part of the New Collaboration is Support for Ripple USD (Rlusd), Ripple’s US dollar Stablecoin. OpenPayd Will ALLOW FOR THE DIRECT MINING AND BURNING OF RLUSD.
The Companies Said the Solution Aims to Simplify Cross-Border Payments, Treasury Management, and Dollar Liquidity Needs.
“The Future of Global Finance Depends on Seamless Interperability Between Traditional Infrastructure and Digital Assets Enterprises Reliable Access to Rlusd, Combining The Stability and Compliance they Expect with the Connectivity they need. ”
Ripple Payments, Perry The Release, Processes Over $ 70 Billion in Payment Volume Annuly, Spanning More than 90 Payout Markets.
The Partnership News Also Comes Shortly After Ripple Labs’ CEO BRAD GARLINGHOUSE REVELED The FIRM DROPPED ITS Cross-Pepeal Against the US Securities and Exchange Commission to Enda-Born.
