Ripple is expanding its payments platform with stablecoin capabilities as fintechs and banks look to improve cross-border liquidity and settlement.
The updates strengthen Ripple Payments by allowing businesses to collect, hold, exchange and send funds using both fiat currencies and stablecoins through a single platform.
The expansion follows Ripple’s acquisitions of custody provider Palisade and virtual accounts platform Rail, enabling businesses to create named virtual accounts and wallets to receive payments, convert funds and settle them into operational accounts.
Ripple said the integrated setup is designed to simplify cross-border payments by reducing the need for multiple providers and fragmented systems.
“For the global financial system to evolve, fintechs and financial institutions need infrastructure that treats digital assets with the same rigor as traditional finance.
Success in this space requires enterprise-grade infrastructure, extensive licensing, and deep liquidity — capabilities few can match. Ripple has built the blueprint for blockchain-based enterprise solutions designed to operate at global scale for regulated finance.”
said Monica Long, President at Ripple.
Ripple Payments is currently live in more than 60 markets and has processed over US$100 billion in transaction volume, according to the company.
alfred, AltPayNet, AMINA Bank, Banco Genial, CambioReal, Corpay, ECIB and MassPay are among fintechs and financial institutions using Ripple Payments to support cross-border transfers, liquidity management and stablecoin-enabled payouts.
Ripple said it holds more than 75 regulatory licences and registrations globally, including Money Transmitter Licenses in the United States and a Trust Company Charter from the New York Department of Financial Services.
The company said this regulatory framework allows it to work directly with banks and payment providers while supporting money movement across regulated financial systems.
Featured image: Edited by Fintech News Singapore, based on image by Pixelid via Freepik
