02.07.2025 23:48

Ripple, the prominent cryptocurrency company, has forged a significant new partnership with OpenPayd, a leading financial infrastructure provider. This collaboration promises to revolutionize cross-border payments by leveraging OpenPayd's robust infrastructure to facilitate faster and more compliant transactions.

Specifically, OpenPayd will enable the seamless conversion of Ripple payments into Euros and British Pounds, streamlining international financial transfers. Furthermore, the partnership integrates OpenPayd's stablecoin infrastructure into Ripple's operations, providing direct minting and burning capabilities for RLUSD, Ripple's USD-backed stablecoin.

This innovative collaboration is expected to significantly reduce both the time and cost associated with international payments, a considerable improvement for businesses operating globally. The impact extends beyond mere speed and cost efficiency; the partnership ensures regulatory compliance, a crucial factor in today's complex financial landscape.

Founded by Turkish entrepreneur Ozan Özerk and headquartered in London, OpenPayd boasts a significant international presence, operating across diverse markets including Türkiye, Bulgaria, Malta, France, and the United States. This global reach complements Ripple's ambition to expand its payment network worldwide. The announcement from Ripple highlighted this enhanced access to fast and compliant cross-border payment solutions, marking a pivotal development in the broader cryptocurrency ecosystem. Information regarding this partnership was sourced from various online sources. *This is not investment advice.*