Ripple upgrades its payments platform, integrating custody, liquidity, and automated payout capabilities
Ripple has upgraded its Payments platform by integrating custody, liquidity, and automated payout features via recent acquisitions.Summary
Ripple is enhancing its Payments platform to offer a fully integrated solution supporting fiat and stablecoin collection, custody, liquidity, and payout workflows across global regulated markets. This upgrade incorporates capabilities from its acquisitions of Palisade and Rail, enabling enterprise clients to manage fund collection, holding, conversion, and distribution through a single interface, including virtual accounts and automated flows.
Ripple's President, Monica Long, emphasized that this expansion provides the enterprise-grade infrastructure, licensing, and liquidity required by global fintechs and financial institutions. The service currently spans over 60 markets, has processed more than $100 billion in volume, and holds over 75 global licenses, including NYDFS oversight.
Ripple Payments was originally designed for fast, low-cost institutional cross-border transfers, utilizing the XRP Ledger and XRP as a bridge asset for near real-time settlements.
(Source：Crypto Briefing)