Ripple has been associated with the Fintech OpenPayd firm, based in London, to build a stablecoin infrastructure and payments for companies that seek to move money through the borders quickly and lower costs.
The news comes the day Ripple said he requested a national banking license at the Office of the Comptroller of La Moneda (OCC). This license would allow the company to expand its encryption services and operate through state lines under federal regulation.
A key part of the new collaboration is the support for Ripple USD (Rlusd)The American Dollar of Ripple Stablecoin. OpenPayd will allow rusd to caress and direct burning.
Companies said the solution aims to simplify cross -border payments, treasure management and dollar liquidity needs.
“The future of global finances depends on the perfect interoperability between the traditional infrastructure and digital assets,” said Jack McDonald, SVP of Ripple Stablecoins, adding that the association “gives companies reliable access to RLUSD, which combines the stability and compliance they expect with the connectivity they need.”
Domain payments, according to release, process more than $ 70 billion by payment volume annually, covered by more than 90 payment markets.
The news of the association also occurs shortly after the CEO of Ripple Labs, Brad Garlinghouse, revealed that the company withdrew its cross appeal against the United States Stock Exchange and Securities Commission to finish a legal battle of one year with the regulator.
