Ripple RLUSD Powers Bitso’s XRP Payments, Unlocking Near-Instant US-LATAM Flows
Key Takeaways:The solution → Ripple Payments powered by RLUSD and XRP➡️ Near-instant U.S.–LATAM flows
➡️ Regulated, USD-denominated… pic.twitter.com/JubUNlChzaRipple Payments Targets Slow LATAM TransfersHow RLUSD Changes Liquidity ManagementBitso Evolves Beyond a Crypto Exchange
Bitso began as a crypto trade, but today became a B2B payment infrastructure of an international scale. The company currently works on addressing real-life payment solutions to the companies engaged in cross-border activities.
The Head of Growth of Bitso says that RLUSD and Ripple Payments can move money much faster, in a more transparent way and at a cheaper cost. Due to increasing demand on regulated stablecoins, Bitso establishes itself as a major payout and distribution partner on the U.S.lateral plant relationships.
The move is indicative of a larger trend in the adoption of crypto: companies are considering blockchain settlement as being used not just in the trade sphere but also in regular financial processes. Ripple states that stable digital currencies should be regulated and one potential solution is RLUSD, which seeks to connect conventional finance with the digital assets infrastructure.
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