Cross River Bank to Add Ripple’s RLUSD to Banking System
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Cross River Bank is working with Ripple to let businesses send money using RLUSD without building or managing their own blockchain technology.
Cross River Bank is partnering with Ripple to bring its dollar-backed stablecoin, RLUSD, into the bank’s existing banking system, a bank spokesperson told Bitcoin.com News on Thursday.
The integration is intended to give businesses a way to send funds using RLUSD without having to develop or operate blockchain technology themselves.
The arrangement would make the stablecoin available through the bank’s infrastructure. The source excerpt did not specify a launch date or provide details on pricing or eligibility.
Source: Bitcoin.com News
