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XRP News : Ripple and C2FO Bring Instant Trade Finance Payments to XRP Ledger
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Ripple is partnering with C2FO to bring financing and settlement for C2FO Instant Pay to the XRP Ledger (XRPL), using its RLUSD stablecoin to help suppliers receive payments in seconds. Businesses often wait 30, 60 or 90 days to receive payments for their goods and services. Even when they access early payment options, bank settlement can take days, delaying access to working capital. The partnership aims to connect C2FO’s working-capital marketplace with XRPL and RLUSD to speed up payment settlement. Faster access to funds could help suppliers manage payroll, purchase inventory and fulfil new orders. The integration brings Ripple’s blockchain infrastructure and RLUSD settlement capabilities into an established trade-finance marketplace, targeting delays that affect businesses and their cash flow.
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