đŚ A U.S. bank integrates RLUSD into its core systemâis the XRP ecosystem getting a real âbanking gatewayâ?
On October 15, Cross River Bank announced a partnership with Ripple to integrate the U.S. dollar stablecoin RLUSD into its proprietary core operating system (COS), with support for transactions on the XRP Ledger.
đ Key details
⢠Fintech clients can use ACH, wire transfers, real-time payments, and RLUSD payments through a single API
⢠Convert between U.S. dollars and RLUSD, with cross-border settlement and fund transfers available 24/7
⢠Also available to payment networks, allowing card issuers and acquirers to settle transactions intraday
⢠RLUSDâs market cap exceeds $2.5 billion, with more than $1 billion issued on the XRP Ledger
⢠The service is currently available only in select U.S. states
đ A level-headed look
⢠This adds âanother settlement channelâ; it doesnât replace traditional bank payments
⢠The number of actual clients, transaction volume, and expansion timeline havenât been disclosed
⢠The announcement confirms RLUSD as the payment asset, but doesnât say whether XRP itself is involved; the upside is more about new use cases for the XRPL ecosystem
đ Market snapshot
XRP is currently around $1.35, up about 1% over the past 24 hours. It has traded between $1.26 and $1.43 over the past two weeks:
⢠Support: $1.33 / $1.26
⢠Resistance: $1.40 / $1.43
Do you think banks adopting stablecoins will generate real payment volume, or will it remain mostly at the âpartnership announcementâ stage?
đ Trade XRP: https://www.binance.com/zh-CN/trade/XRP_USDT
#CrossRiverĺ°RLUSDć´ĺčżć ¸ĺżéśčĄçłťçť #XRP #RLUSD #Stablecoin
â ď¸ This is not investment advice. Please be aware of the risks.
On October 15, Cross River Bank announced a partnership with Ripple to integrate the U.S. dollar stablecoin RLUSD into its proprietary core operating system (COS), with support for transactions on the XRP Ledger.
đ Key details
⢠Fintech clients can use ACH, wire transfers, real-time payments, and RLUSD payments through a single API
⢠Convert between U.S. dollars and RLUSD, with cross-border settlement and fund transfers available 24/7
⢠Also available to payment networks, allowing card issuers and acquirers to settle transactions intraday
⢠RLUSDâs market cap exceeds $2.5 billion, with more than $1 billion issued on the XRP Ledger
⢠The service is currently available only in select U.S. states
đ A level-headed look
⢠This adds âanother settlement channelâ; it doesnât replace traditional bank payments
⢠The number of actual clients, transaction volume, and expansion timeline havenât been disclosed
⢠The announcement confirms RLUSD as the payment asset, but doesnât say whether XRP itself is involved; the upside is more about new use cases for the XRPL ecosystem
đ Market snapshot
XRP is currently around $1.35, up about 1% over the past 24 hours. It has traded between $1.26 and $1.43 over the past two weeks:
⢠Support: $1.33 / $1.26
⢠Resistance: $1.40 / $1.43
Do you think banks adopting stablecoins will generate real payment volume, or will it remain mostly at the âpartnership announcementâ stage?
đ Trade XRP: https://www.binance.com/zh-CN/trade/XRP_USDT
#CrossRiverĺ°RLUSDć´ĺčżć ¸ĺżéśčĄçłťçť #XRP #RLUSD #Stablecoin
â ď¸ This is not investment advice. Please be aware of the risks.