Ripple and OpenPayd team up to revolutionize international transactions

Ripple and OpenPayd team up to revolutionize international transactions

Financial infrastructure firm OpenPayd has entered into a strategic collaboration with Ripple, a global leader in blockchain-based payments. The partnership aims to transform cross-border payments and enhance stablecoin utility by combining the strengths of both companies' infrastructures.

The alliance is expected to offer businesses a unified framework to manage cross-border flows with greater transparency, reduced costs, and enhanced operational efficiency. By integrating OpenPayd’s global fiat infrastructure, including real-time payment rails, multi-currency accounts, and virtual IBANs, with Ripple Payments, transactions in euros (EUR) and British pounds (GBP) will be supported. This integration bridges traditional finance with blockchain-based payments, making cross-border transactions faster, transparent, and reliable.

One of the key benefits of the partnership is the enhanced stablecoin infrastructure. OpenPayd will provide direct minting and burning of Ripple’s USD-denominated stablecoin, Ripple USD (RLUSD), allowing businesses to effortlessly convert between fiat currencies and RLUSD. This enables enterprise clients to access a unified suite of services—including embedded accounts, payments, and trading—through a single API.

The partnership addresses traditional cross-border payment pain points such as high fees, slow settlement times, and regulatory complexity. By combining Ripple’s blockchain-based cross-border payment capabilities and global payout network with OpenPayd’s scalable fiat infrastructure, the collaboration supports over 90% of daily foreign exchange markets and 90+ payout markets, delivering enterprise-grade solutions with trust, utility, and compliance at their core.

Ripple’s USD-denominated stablecoin, RLUSD, has been developed with an emphasis on utility and compliance. It aims to support various enterprise use cases such as global treasury operations, cross-border fund transfers, and streamlined access to U.S. dollar liquidity. Enabling stablecoin utility with RLUSD is a key element of the partnership, extending support for OpenPayd's newly launched stablecoin infrastructure.

The integrated solution includes account management, payment execution, and digital asset trading. This infrastructure connects local and global fiat rails with major blockchain networks, allowing businesses to transact instantly and manage funds more efficiently across digital and fiat currencies. The collaboration between Ripple and OpenPayd is structured to provide enterprises with a future-ready infrastructure for stablecoin usage and digital finance adoption.

The joint effort focuses on combining OpenPayd's fiat infrastructure with Ripple Payments for seamless transactions in euros (EUR) and British pounds (GBP). The integration of Ripple Payments with OpenPayd's interoperable and rail-agnostic infrastructure creates a cohesive platform that bridges the gap between blockchain innovation and legacy banking systems. OpenPayd’s comprehensive platform, which includes multi-currency accounts, real-time payment rails, and virtual IBANs, will serve as a foundational layer in this integration.

The partnership underscores a growing trend of convergence between blockchain-based finance and traditional payment networks. The demand for stablecoins among global businesses continues to rise, driven by the need for real-time infrastructure and seamless interoperability between blockchain ecosystems and traditional financial systems. The collaboration aims to deliver scalable, efficient, and compliant payment solutions for enterprise-level clients globally.

The alliance is expected to bolster Ripple’s ability to offer accessible on- and off-ramps for a wide range of institutions, including banks, crypto companies, and fintech service providers. The integrated solution is designed to enable businesses worldwide to move and manage money globally with ease, access stablecoin liquidity at scale, and simplify treasury flows and dollar-based operations, thereby revolutionizing cross-border payment infrastructure for financial institutions, fintechs, and crypto firms.

1. This partnership between OpenPayd and Ripple is expected to offer businesses a unified framework for managing cross-border payments, providing greater transparency, reduced costs, and enhanced operational efficiency.
2. By integrating OpenPayd’s global fiat infrastructure with Ripple Payments, transactions in euros (EUR) and British pounds (GBP) will be supported, bridging traditional finance with blockchain-based payments for faster, transparent, and reliable cross-border transactions.
3. One of the key benefits of the partnership is the enhanced stablecoin infrastructure, allowing businesses to effortlessly convert between fiat currencies and Ripple’s USD-denominated stablecoin (RLUSD), offering access to a unified suite of services through a single API.
4. The collaboration aims to deliver scalable, efficient, and compliant payment solutions for enterprise-level clients globally, addressing traditional cross-border payment pain points such as high fees, slow settlement times, and regulatory complexity.
5. The integrated solution includes account management, payment execution, and digital asset trading, connecting local and global fiat rails with major blockchain networks, and serving as a foundational layer for stablecoin usage and digital finance adoption in the future.

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