Ripple RLUSD is building a large global network where tech-savvy businesses are connected. Ripple has now acquired Rail Financial for $200 million.
Ripple Labs, the parent company of XRP coin, is making a lot of progress in compliance matters. Recently Ripple vs. SEC case got an important win, and now it is waiting for a banking license in USA. If this license is received, then RLUSD stablecoin can be used all over USA.
To speed up this process, Ripple has targeted the B2B payments market and for this it has acquired Rail. Rail is a popular stablecoin payment platform that is specially perfect for business-to-business transactions.
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Rail already has integration of 12 banks, and Ripple has licenses from 60 different countries/jurisdictions. Both are together creating a strong network. According to the estimate, this year Rail will handle more than 10% of the world’s B2B stablecoin payments, which will be more than $36 billion.
Ripple RLUSD President Celebrates Bold RLUSD Move
Stablecoin payments are being used everywhere and there is a solid reason behind it! When the Ripple team met with @RailFinancial, they felt the rail product would perfectly complement Ripple payments,” said Monica Long, President of Ripple Labs. She added that today businesses need an all-in-one solution rather than multiple platforms.
With the help of rail, businesses can smoothly complete transactions on important currency routes without the need to hold any crypto in their wallets. This eliminates the problem of delays in settling payments. Companies that don’t want to take the risk on crypto prices can use RLUSD instead of XRP.
XRP’s numbers are also quite impressive. This altcoin sees a transaction volume of more than $10 billion every day. From a technology perspective, Ripple’s XRP Ledger can handle 1,500 transactions per second, and its cost is very low just fractions of a cent (10 drops), which is much cheaper than normal international bank fees.
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People Also Asked:
What is RLUSD?
RLUSD RLUSD is Ripple’s USD-pegged stablecoin launched in December 2024. Its purpose is to provide fast and compliant cross-border payments, on both XRP Ledger and Ethereum.
What is the new stablecoin platform?
Ripple has acquired Rail, a Toronto-based stablecoin payments platform. The deal is worth $200M, so that the infrastructure and adoption of RLUSD becomes stronger.
How will Rail improve RLUSD?
Rail’s virtual accounts and automated systems streamline stablecoin payments. This platform processes 10% of global stablecoin transactions.
Why is Ripple pushing RLUSD?
Ripple’s goal is to become a strong competitor to USDT and USDC. Efficient and low-cost global payments will be possible using RLUSD, especially as stablecoin demand is growing fast.
When will the acquisition be completed?
The acquisition of Rail is planned to be completed in Q4 2025, after receiving regulatory approvals. Since Rail is based in Toronto, Canada, approvals are a must
