Ripple expands payments platform into end-to-end stablecoin infrastructure as processed volume tops $100 billion
Ripple is no longer just moving money. It wants to be the entire pipe.
The company shared with CoinDesk on Wednesday a press release that outlines a major expansion of Ripple Payments which turns the platform into a full-stack infrastructure layer for fiat and stablecoin money movement.
Businesses can now collect, hold, exchange, and pay out in both traditional currencies and stablecoins through a single provider, rather than stitching together separate vendors for custody, collections, conversion, and settlement.
The new capabilities come from two recent acquisitions. Palisade, which handles custody and treasury automation, powers the managed custody layer that lets businesses provision wallets at scale and sweep funds into operational accounts.
Rail, a virtual accounts and collections platform, enables businesses to accept fiat and stablecoin pay-ins through named virtual accounts with automated conversion and settlement.
The result is that a fintech doing cross-border payouts no longer needs one provider for custody, another for foreign exchange, a third for stablecoin liquidity, and a fourth for local payout rails. Ripple is consolidating all of that into one platform with one integration.
