Ripple’s Digital Dollar Is Entering the U.S. Banking System
Photo: Bitcoin Sistemi
US-based Cross River Bank announced it has partnered with Ripple to integrate Ripple's dollar-backed stablecoin RLUSD into its banking infrastructure. The collaboration, announced today, also includes transactions on the XRP Ledger. RLUSD will be included as an additional option to traditional payment methods within the bank's Core Operating System. Cross River customers will be able to access stablecoin payments via a single API connection without needing to set up a separate blockchain infrastructure. The bank stated that the integration aims to support 24/7 switching between US dollars and RLUSD, cross-border payments, and corporate treasury transfers.
Source: Bitcoin Sistemi
