- Ripple Payments announces key upgrades to facilitate global cross-border transactions.
- Licensing milestones and XRP Ledger integration expand Ripple’s payment solutions.
- RocketFuel becomes the first user, enhancing global payouts with Ripple Payments.
Ripple Labs causes another stir in the crypto, finance, and Web3 realms. In its latest official announcement it unveils Ripple Payments and the Ripple and crypto community are already hyping the news.
Read CRYPTONEWSLAND on
google news
In an era where traditional payment systems often fall short of modern business requirements, Ripple Labs is pioneering advancements with its Ripple Payments solution. With over 80% of global financial leaders planning to integrate digital assets into their operations within the next three years, Ripple’s vision of streamlining cross-border payments using blockchain technology has never been more relevant.
At the annual Swell conference, Ripple announced a series of updates showcasing how Ripple Payments can cater to diverse business payment needs across regions and currencies, 24/7/365. These announcements mark a significant step toward realizing Ripple’s mission of moving value as seamlessly as information does today.
One key development is Ripple’s attainment of money transmitter licenses in various U.S. jurisdictions and approval from the Monetary Authority of Singapore, granting Ripple Payments the ability to operate within these areas. This regulatory milestone empowers Ripple Payments to offer its products and services in these regions.
Another remarkable feature is the single onboarding process, granting customers access to nearly 100% of global payout coverage spanning over 70 payout markets through Ripple’s international payments network. An integration with the XRP Ledger’s decentralized exchange enhances global liquidity options, simplifying customer onboarding into new markets and boosting product performance.
Ripple Payments now provides customers with expanded liquidity options that can be accessed on demand, ensuring flexibility and availability every day of the year. The first company to embrace this upgraded solution is RocketFuel, a payment solutions provider that facilitates payments in both cryptocurrency and fiat currencies.
Read Also
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
