🌍 Ripple and Openpayd: Revolutionizing Global Stablecoin Payments
🤝 Ripple is enhancing its RLUSD-powered stablecoin payments on a global scale through a partnership with Openpayd. This collaboration aims to integrate blockchain technology with fiat access to transform enterprise finance in key markets.
📅 On July 2, Openpayd announced its strategic integration with Ripple to offer a comprehensive solution for stablecoin and fiat payments. Openpayd will incorporate its fiat services—including multi-currency accounts and real-time payment rails—into Ripple Payments. This will enable businesses to conduct transactions in euros and British pounds within Ripple’s blockchain ecosystem, which covers over 90 payout markets.
🔧 A significant upgrade to Openpayd’s digital asset infrastructure includes direct minting and burning capabilities for Ripple USD (RLUSD). This allows businesses to easily convert between fiat and RLUSD while accessing Openpayd’s services through a single API.
🌐 Jack McDonald, Ripple’s SVP of Stablecoins, highlighted the importance of this partnership:
The future of global finance depends on seamless interoperability between traditional infrastructure and digital assets.
He added that this collaboration provides enterprises with reliable access to RLUSD, ensuring stability and compliance while facilitating real-world adoption of stablecoins at scale..