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4h ago

Ripple Expands Payments Platform Into End-to-End Fiat and Stablecoin System

Ripple says the acquisition-powered upgrade offers a single licensed workflow from custody to collections to conversion to payouts.

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Ripple expands universal payments platform across fiat and stablecoin rails
Ripple positions as one stop digital asset hub with major payments expansion

Overview

  • New capabilities include managed custody, wallet provisioning, virtual accounts, automated sweeps, automated conversion, and consolidated settlement across fiat and stablecoins.
  • Ripple integrated Palisade for custody and treasury automation plus Rail for virtual accounts and collections to unify pay-ins and payouts.
  • The company reports coverage in more than 60 markets and over $100 billion processed, with customers such as AMINA Bank, Banco Genial, Corpay, MassPay, alfred, AltPayNet, CambioReal, and ECIB.
  • Ripple cites more than 75 licenses, including a New York Department of Financial Services Trust Company Charter, to support regulated cross-border money movement.
  • Transfers leverage the XRP Ledger with XRP as a bridge asset for near real-time institutional settlement, with Ripple also pointing to growing stablecoin usage in payments.