Ripple teams up with $10B payments firm Arf to expand RLUSD use on XRPL

Ripple has partnered with Swiss financial institution Arf to bring RLUSD-powered settlement liquidity to the XRP Ledger, connecting the blockchain to a payments business handling approximately $10 billion in annual transaction volume. Ripple and Arf have partnered to introduce RLUSD-powered settlement liquidity for licensed cross-border payment companies on XRPL. Arf reports approximately $10 billion in annual settlement volume, with working capital turning over four times monthly. The initial service will provide short-term financing, typically repaid within one to five days. Arf plans to adopt XRPL's native lending infrastructure after XLS-65 and XLS-66 receive validator approval.

Source: crypto.news