#crossriverintegratesrlusdintocorebanking
๐ Traditional Banking and Blockchain Are Coming Together!
A giant leap has been made in the world of crypto and fintech! Leading financial infrastructure provider Cross River Bank has partnered with blockchain giant Ripple, officially integrating Rippleโs US dollar-pegged stablecoin RLUSD into its core banking system (Core Operating System - COS)!
Here are the emoji-filled highlights of this major partnership connecting traditional finance and Web3:
๐ฆ Full Integration with a Single API: Fintech companies can now access RLUSD payments through a single API connection, without having to build their own blockchain infrastructure. ๐ฑ Hybrid Payment Bridge: Businesses can move instantly and seamlessly between traditional bank transfers (ACH, Wire/EFT) and $RLUSD
transactions. Traditional dollars and digital dollars have come together under one roof! โก Settlement in 3โ5 Seconds: Thanks to RLUSD running on the XRP Ledger (XRPL), international transfers and treasury transactions that normally take days can be completed 24/7 in just 3 to 5 seconds, at a cost of just a tiny fraction of a cent. ๐ $2.5 Billion in Strength: Newly announced and continuing to grow, RLUSD has already demonstrated the scale of institutional demand, with a market capitalization exceeding $2.5 billion. ๐บ๏ธ Phased Rollout: Due to regulatory compliance requirements, this revolutionary service is currently available in only certain US states. $ACH $XRP
๐ Traditional Banking and Blockchain Are Coming Together!
A giant leap has been made in the world of crypto and fintech! Leading financial infrastructure provider Cross River Bank has partnered with blockchain giant Ripple, officially integrating Rippleโs US dollar-pegged stablecoin RLUSD into its core banking system (Core Operating System - COS)!
Here are the emoji-filled highlights of this major partnership connecting traditional finance and Web3:
๐ฆ Full Integration with a Single API: Fintech companies can now access RLUSD payments through a single API connection, without having to build their own blockchain infrastructure. ๐ฑ Hybrid Payment Bridge: Businesses can move instantly and seamlessly between traditional bank transfers (ACH, Wire/EFT) and $RLUSD
transactions. Traditional dollars and digital dollars have come together under one roof! โก Settlement in 3โ5 Seconds: Thanks to RLUSD running on the XRP Ledger (XRPL), international transfers and treasury transactions that normally take days can be completed 24/7 in just 3 to 5 seconds, at a cost of just a tiny fraction of a cent. ๐ $2.5 Billion in Strength: Newly announced and continuing to grow, RLUSD has already demonstrated the scale of institutional demand, with a market capitalization exceeding $2.5 billion. ๐บ๏ธ Phased Rollout: Due to regulatory compliance requirements, this revolutionary service is currently available in only certain US states. $ACH $XRP