Remove Caps Remove Stablecoins Remove Use Case
article thumbnail

The Stablecoin Revolution in Remittances

Finextra

Fast settlement: Typical wire transfers take 3–5 days; stablecoins settle in minutes or less. FX Stability Pegged to USD, stablecoins offer protection from currency depreciation (e.g., Key Facts & Statistics Transaction volume : In 2024, stablecoin volume hit $27.6 in Sri Lanka or Myanmar). in Feb 2024 to $4.1T

article thumbnail

Ripple Adds RLUSD Stablecoin to Cross-Border Payments Platform

Fintech News

Ripple announced it has added its US dollar-backed stablecoin, RLUSD, to its Ripple Payments platform to support enterprise cross-border transactions using the digital asset. RLUSD, launched in December 2024, is designed primarily for business applications rather than retail use.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mastercard, Visa play down stablecoin threat

Payments Dive

Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Mastercard, Visa play down stablecoin threat The giant card networks are sifting through the opportunities and threats that stablecoins present for their businesses.

article thumbnail

Ripple Integrates Ripple USD Into Ripple Payments Solution to Meet Stablecoin Demand

The Fintech Times

As a result, the USD-denominated stablecoin is now being integrated into Ripple ‘s flagship payments solution, Ripple Payments, as the digital asset infrastructure provider looks to drive RLUSD’s utility and demand. Access liquidity for remittance and treasury operations.

article thumbnail

BVNK Partners With First Digital Ahead of ‘Breakout Year’ for Stablecoin Adoption

The Fintech Times

BVNK , a stablecoin payment infrastructure provider, is joining forces with First Digital , the group behind First Digital USD, in a move to bolster the adoption of the USD-backed stablecoin within the crypto ecosystem.

article thumbnail

Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

Any future digital pound will likely co-exist with stablecoins, e-money, tokenised deposits and an upgraded account-to-account payment infrastructure. With only around one in eight Britons using crypto, widespread adoption is uncertain. Product design must align with the risk profile and customer expectations of each use case.

article thumbnail

Adyen tackles golf payments

Payments Dive

Please select at least one newsletter. You can unsubscribe at anytime. Sign up A valid email address is required. Please select at least one newsletter. By Lynne Marek • Aug.