Ripple Taps Into Turkish Power, Facilitates Swift Cross-Border Payments
2025-07-02 22:29:04
Main Idea
Ripple has partnered with OpenPayd to introduce the RLUSD stablecoin, aiming to enhance cross-border payments and liquidity management for businesses, while also strengthening its presence in the Turkish market.
Key Points
1. Ripple collaborates with UK-based fintech firm OpenPayd, founded by Turkish entrepreneur Dr. Ozan Özerk, to launch the RLUSD stablecoin.
2. OpenPayd's platform will enable direct minting and withdrawal of RLUSD, optimizing liquidity management for businesses.
3. The partnership highlights Ripple's strategic focus on expanding its services in the Turkish market and improving cross-border payment solutions.
4. Ripple's initiatives come amid its ongoing legal battle with the U.S. SEC, with CEO Brad Garlinghouse emphasizing the company's growth in payments and crypto asset services.
5. OpenPayd processes over $70 billion in annual payments and serves more than 90 markets, positioning Ripple to enhance its global payment infrastructure.
Description
Ripple partners with OpenPayd for efficient cross-border payments. RLUSD stablecoin plays a central role in this collaboration. Continue Reading: Ripple Taps Into Turkish Power, Facilitates Swift Cross-Border Payments The post Ripple Taps Into Turkish Power, Facilitates Swift Cross-Border Payments appeared first on COINTURK NEWS .
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