Ripple announced a partnership with fintech company DriveWealth to bring $XRP and the $RLUSD stablecoin to a wider range of global payment scenarios. According to the official press release, DriveWealth will integrate Ripple’s payment infrastructure into its own systems and incorporate RLUSD stablecoin settlement solutions, launching first in Europe with plans to expand to the U.S. later. The partnership will enable minting and burning on the XRP Ledger. The two parties will also explore custody and equity financing collaborations, allowing DriveWealth customers to convert between stablecoins and cash in real time and transfer funds 24/7.
(Source: CoinGape)
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