Arf and Ripple Plan RLUSD Funding for XRP Ledger Payment Firms
Photo: TokenPost
Arf and Ripple plan to provide licensed payment companies with Ripple USD (RLUSD) on the XRP Ledger (XRPL), giving firms short-term working capital while cross-border transfers settle. The initial phase would fund payments directly, covering the interval between sending money and receiving settlement. With repayment usually due within one to five days, Arf can reuse funds as the payments clear. The arrangement is designed to help payment providers avoid keeping funds idle in destination markets while transfers are in progress. Arf has about $10 billion in annual global settlement volume, and its capital turns over four times a month.
Source: TokenPost
