Ripple Pushes RLUSD Deeper Into Banking With New Cross River Partnership

New Jersey-based Cross River Bank has partnered with Ripple to bring RLUSD into its banking platform. The integration will support transactions on the XRP Ledger and allow customers to use the stablecoin alongside traditional payment methods. RLUSD Joins Cross River’s Payment Rails Cross River will integrate RLUSD into its Core Operating System, which connects financial services with payment networks. The goal is to give payment providers more flexibility when settling transactions. Businesses will be able to move funds between US dollars and Ripple’s stablecoin, handle cross-border payments, and manage treasury transfers around the clock. They will also be able to access traditional services such as ACH, wire transfers, and real-time payments through a single banking platform. One of the main changes is that customers can access RLUSD through a single API connection. The partnership will give businesses another way to settle payments faster and reduce delays. Transactions on the XRP Ledger take around three to five seconds to settle and cost a fraction of a cent, according to the announcement. Commenting on the development, Markus Infanger, SVP, RippleX at Ripple, said that stable...