Cross River embeds Ripple stablecoin into operating system

Cross River Bank is integrating Ripple’s new US dollar-backed stablecoin (RLUSD) directly into its core banking platform. For retailers and operators, this marks a major step toward faster and cheaper payment processing. Cross River provides the backend infrastructure for many of the consumer financing and Buy Now, Pay Later (BNPL) tools you likely use today. By embedding stablecoins into their operating system, they are building a bridge between traditional banking and blockchain technology. This means that in the near future, the movement of funds between your financing partners and your bank account could happen instantly, 24/7. Traditional banking hours often delay settlements and payouts. Using stablecoins for backend money movement removes these friction points. It also suggests that lenders may soon offer more diverse payment options to your customers that bypass high-fee credit card networks. While this doesn't change your daily operations today, it signals a shift toward a more efficient financial infrastructure that can lower the cost of doing business and improve your cash flow.

Source: Finextra — Lending

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