In a significant move for the blockchain payments sector, Ripple has announced a strategic partnership with OpenPayd, a leading banking-as-a-service provider based in London. This collaboration integrates real-time EUR and GBP payment rails, multi-currency accounts, and virtual IBANs directly into Ripple Payments, enabling near-instantaneous cross-border transfers that remain fully compliant with regulatory standards.
By bridging traditional banking corridors with blockchain efficiency, the alliance allows businesses to orchestrate global fund flows with the agility of digital assets and the security of regulated banking partners. This paves the way for more comprehensive, multi-jurisdictional payment solutions tailored for modern enterprises.
Seamless RLUSD Minting and Burning
A cornerstone of this partnership is the instant minting and burning of Ripple USD (RLUSD), the fully collateralized stablecoin launched in December 2024. Businesses can now convert fiat currency to RLUSD or redeem RLUSD for euros or pounds sterling through a single API call on OpenPayd’s platform.
This optimized functionality gives treasury managers complete control over on-chain dollar liquidity, slashing settlement cycles from days to mere seconds. With reserves held in segregated accounts and subject to regular audits, RLUSD offers transparency and regulatory security, addressing key concerns for institutional adoption.
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Enterprise Use Cases and API Integration
The unified platform supports diverse corporate applications, including cross-border payroll, supplier payments, real-time treasury management, and tokenized asset trading. Financial institutions and fintech companies can seamlessly switch between fiat and stablecoin systems without navigating multiple gateways or compliance regimes.
A single RESTful API simplifies integration, drastically reducing development time and minimizing compliance overhead. Payment service providers can now incorporate RLUSD systems into their payment flows, enabling seamless global accounts receivable management for both e-commerce and B2B platforms.
Scaling Global Liquidity and Compliance
As demand grows for transparent, compliant stablecoin channels, Ripple and OpenPayd are future-proofing enterprise payment strategies. Ripple Payments already spans over 90 markets and handles more than $70 billion in daily foreign exchange volume.
By combining on-chain efficiency with robust fiat channels, this alliance enhances liquidity distribution and risk management for high-volume transaction clients. With regulatory frameworks evolving worldwide, the joint solution offers a scalable model that enables banks, corporations, and payment service providers (PSPs) to adopt RLUSD and maximize the utility of stablecoins at a global scale.
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Frequently Asked Questions
What does the Ripple-OpenPayd partnership enable?
This collaboration integrates real-time EUR/GBP payment rails and virtual IBANs into Ripple Payments, allowing near-instant cross-border transfers with full regulatory compliance. Businesses can also mint and burn RLUSD stablecoins through a single API call.
How does RLUSD ensure transparency and security?
RLUSD maintains full collateralization with reserves held in segregated accounts that undergo regular third-party audits. This provides both transparency and regulatory security for institutional users requiring verified asset backing.
What enterprise use cases does this platform support?
The solution enables cross-border payroll processing, supplier payments, real-time treasury management, and tokenized asset trading across more than 90 markets through a unified API interface.
How does this partnership benefit payment service providers?
PSPs can integrate RLUSD into their payment flows through a single RESTful API, simplifying global accounts receivable management and reducing compliance overhead for both e-commerce and B2B platforms.
What markets does Ripple Payments currently cover?
The network spans over 90 markets worldwide and processes more than $70 billion in daily foreign exchange volume, providing extensive global coverage for cross-border transactions.
How does this alliance address regulatory compliance?
By combining blockchain efficiency with regulated banking partners through OpenPayd, the solution offers a compliant framework that evolves with global regulatory developments while maintaining transparency through on-chain visibility.