Latest news with #OpenPayd
Yahoo
4 days ago
- Business
- Yahoo
OpenPayd, Ripple forge stablecoin payments alliance
Financial infrastructure provider OpenPayd and Ripple have formed an alliance to enhance payment solutions for enterprise clients. The partnership will integrate OpenPayd's global fiat infrastructure, which includes real-time payment rails, multi-currency accounts, and virtual IBANs, into Ripple Payments, facilitating transactions in EUR and GBP. Ripple Payments, which employs blockchain and digital assets, aims to streamline cross-border payments and provide on/off ramps for financial institutions globally. It is also a part of the OpenPayd's stablecoin infrastructure expansion. OpenPayd will now offer direct minting and burning of Ripple USD (RLUSD), a USD-denominated stablecoin developed by Ripple. Enterprises can convert between fiat currencies and RLUSD while utilising OpenPayd's services, including account management, payments, and trading via a single API. Ripple Stablecoins SVP Jack McDonald said: 'Our collaboration with OpenPayd gives enterprises reliable access to RLUSD, combining the stability and compliance they expect with the connectivity they need. This is how we accelerate real-world adoption of stablecoins at scale.' The stablecoin RLUSD is designed to support multiple use cases such as cross-border payments, global treasury management, and access to US dollar liquidity. The partnership aims to provide enterprises with the necessary tools to conduct and manage international monetary transactions effectively. OpenPayd CEO Iana Dimitrova stated: 'By combining Ripple Payments with OpenPayd's rail agnostic and fully interoperable fiat infrastructure, we are delivering a unified platform that bridges traditional finance and blockchain. 'This partnership enables businesses to move and manage money globally, access stablecoin liquidity at scale, and simplify cross border payments, treasury flows and dollar-based operations.' Last month, OpenPayd partnered with Circle, the issuer of the USDC stablecoin, to combine traditional banking systems with blockchain technology, facilitating global business transactions. "OpenPayd, Ripple forge stablecoin payments alliance " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
4 days ago
- Business
- Yahoo
Ripple Expands Stablecoin Infrastructure Partnership as It Seeks Bank License
Ripple has partnered with London-based fintech firm OpenPayd to build a stablecoin and payments infrastructure for businesses looking to move money across borders quickly and at lower costs. The news comes the day Ripple said it applied for a national banking license at the Office of the Comptroller of the Currency (OCC). This license would allow the company to expand its crypto services and operate across state lines under federal regulation. A key part of the new collaboration is support for Ripple USD (RLUSD), Ripple's U.S. dollar stablecoin. OpenPayd will allow for the direct minting and burning of RLUSD. The companies said the solution aims to simplify cross-border payments, treasury management, and dollar liquidity needs. 'The future of global finance depends on seamless interoperability between traditional infrastructure and digital assets,' saidJack McDonald, Ripple's SVP of stablecoins, adding that the partnership 'gives enterprises reliable access to RLUSD, combining the stability and compliance they expect with the connectivity they need.' Ripple Payments, per the release, processes over $70 billion in payment volume annually, spanning more than 90 payout markets. The partnership news also comes shortly after Ripple Labs' CEO Brad Garlinghouse revealed the firm dropped its cross-appeal against the U.S. Securities and Exchange Commission to end a year-long legal battle with the regulator. Sign in to access your portfolio
Finextra
5 days ago
- Business
- Finextra
OpenPayd forms collaboration p[act with Ripple
OpenPayd, a leading provider of financial infrastructure, has announced a strategic partnership with Ripple, the leading provider of digital asset infrastructure for financial institutions, bringing together two infrastructure leaders with deep expertise across blockchain and traditional finance to deliver compliant, efficient and scalable payment solutions for enterprise clients. 0 Through the partnership, OpenPayd's global fiat infrastructure including real-time payment rails, multi currency accounts and virtual IBANs will support Ripple Payments, into EUR and GBP. Ripple's cross-border payments solution, Ripple Payments employs blockchain and digital assets, and a global network of payout partners to deliver fast, transparent, reliable cross-border payments and on/off ramps for banks, crypto companies, and fintechs worldwide. The partnership also marks a major step forward in the expansion of OpenPayd's recently launched stablecoin infrastructure. OpenPayd will provide direct minting and burning capabilities for Ripple USD (RLUSD). Businesses will be able to seamlessly convert between fiat and RLUSD, accessing OpenPayd's full suite of services, including embedded accounts, payments, and trading, via a single API. RLUSD is an enterprise-grade, USD-denominated stablecoin developed with trust, utility, and compliance at its core - backed by Ripple's years of experience working with both crypto and traditional finance. This solution supports a wide range of use cases, including cross-border payments, global treasury management, and streamlined access to U.S. dollar liquidity. As enterprise demand for stablecoins grows, businesses need real-time, compliant infrastructure to manage money globally, and seamlessly between traditional finance and blockchains. This partnership delivers faster, more transparent, and cost-efficient payment flows. 'Ripple has long been a pioneer in blockchain based payments. By combining Ripple Payments with OpenPayd's rail agnostic and fully interoperable fiat infrastructure, we are delivering a unified platform that bridges traditional finance and blockchain. This partnership enables businesses to move and manage money globally, access stablecoin liquidity at scale, and simplify cross border payments, treasury flows and dollar-based operations,' said Iana Dimitrova, Chief Executive at OpenPayd. The collaboration reflects a shared belief that the key to mainstream stablecoin adoption is robust first and last mile fiat infrastructure. Together, Ripple and OpenPayd are delivering the tools enterprises need to move and manage money globally and future proof their payment strategies through blockchain enabled finance. 'The future of global finance depends on seamless interoperability between traditional infrastructure and digital assets. Our collaboration with OpenPayd gives enterprises reliable access to RLUSD, combining the stability and compliance they expect with the connectivity they need. This is how we accelerate real-world adoption of stablecoins at scale,' said Jack McDonald, SVP Stablecoins, Ripple. Ripple's simple, secure, compliant digital asset infrastructure means it is well-positioned to provide the core services that financial institutions need to tokenize, store, exchange and move digital assets. Ripple Payments has near-global coverage with 90+ payout markets representing more than 90% coverage of the daily FX markets, processing more than $70 billion in volume.
Yahoo
19-06-2025
- Business
- Yahoo
OpenPayd ties-up with Circle for managing fiat-stablecoin payments
Financial infrastructure provider OpenPayd has joined forces with Circle, issuer of the USDC stablecoin. The collaboration combines traditional banking systems with blockchain networks, facilitating global business transactions OpenPayd said that by using Circle Wallets infrastructure, it plans to offer its enterprise clients the ability to conduct transactions across various financial networks 'at scale and in real time'. The service will include the conversion between fiat currencies and USDC, aiming to enhance liquidity access, reduce settlement costs, and introduce new applications in payment processing, treasury operations, and digital asset services. OpenPayd processes over €130bn annually and is expanding its capabilities to support transactions involving stablecoins. The company's platform is designed to be indifferent to the underlying payment rails and offers an API-based integration for embedding financial services into client products. Circle Partnerships & Business Development VP Sanja Kon said: 'OpenPayd's scale and deep infrastructure expertise make them an essential partner in expanding access to USDC and advancing real-world stablecoin utility. Together, we're building the foundation for a more open, efficient, and inclusive global financial system.' OpenPayd chief executive Iana Dimitrova stated: 'Stablecoins will be foundational to the next era of financial services, and our partnership with Circle positions us, and our clients, at the centre of that transformation. By expanding access to USDC across our platform, we're extending our vision of becoming the universal financial infrastructure for a truly digital global economy.' Last month, SCRYPT, a Swiss-licensed crypto solutions provider, selected OpenPayd to support its Euro payment infrastructure. "OpenPayd ties-up with Circle for managing fiat-stablecoin payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
17-06-2025
- Business
- Finextra
OpenPayd to offer conversion between fiat payments and USDC
OpenPayd, a leading provider of financial infrastructure, today announced a partnership with Circle (NYSE: CRCL), a global financial technology firm and issuer - through its regulated affiliates - of USDC, to deliver a unified fiat and stablecoin infrastructure layer for global businesses. 0 Leveraging Circle Wallets infrastructure, this partnership will enable OpenPayd's enterprise clients to move and manage money globally across both traditional banking rails and blockchain-based networks, at scale and in real time. This collaboration will enable OpenPayd to offer seamless conversion between fiat currencies and USDC. It will provide OpenPayd clients with faster access to liquidity, lowers settlement costs, and will unlock new use cases across payments, treasury and digital asset services. The partnership marks a major milestone in OpenPayd's mission to power the growth of the digital economy. With more than €130 billion processed annually, OpenPayd is expanding its infrastructure to support stablecoin-native capabilities and help businesses take advantage of new financial technologies. 'Stablecoins will be foundational to the next era of financial services, and our partnership with Circle positions us, and our clients, at the centre of that transformation,' said Iana Dimitrova, Chief Executive of OpenPayd. 'By expanding access to USDC across our platform, we're extending our vision of becoming the universal financial infrastructure for a truly digital global economy.' 'OpenPayd's scale and deep infrastructure expertise make them an essential partner in expanding access to USDC and advancing real-world stablecoin utility,' said Sanja Kon, VP, Partnerships & Business Development, Circle. 'Together, we're building the foundation for a more open, efficient, and inclusive global financial system.' With its rails-agnostic, API-based platform, OpenPayd empowers businesses to embed payments, accounts, and trading into their own products - accelerating global expansion, automating operations, and enhancing user experiences. The partnership with Circle strengthens this capability, giving OpenPayd clients streamlined access to stablecoin infrastructure that is programmable, and built for scale.
