TrustLinq Integrates Ripple to Boost Global Payments

Integration for Global Fiat Settlement

Swiss-regulated payment platform TrustLinq has officially integrated Ripple Payments into its live infrastructure. This strategic move aims to enhance its direct crypto-to-fiat settlement services, enabling faster and more cost-effective cross-border transactions for its users.

Expanded Network and Capabilities

The integration leverages Ripple's extensive network, which has processed over $100 billion globally, expanding TrustLinq's fiat settlement reach to over 170 countries and more than 80 currencies. It adds Ripple's real-time settlement capabilities to TrustLinq's existing payment stack, which includes SEPA and SWIFT, reducing reliance on traditional correspondent banking.

Impact on Cross-Border Transactions

TrustLinq allows users to fund payments from self-custodial stablecoin wallets like USDT, USDC, and EURC, settling them directly as local fiat bank transfers. The recipient does not require a crypto wallet, simplifying the process. According to Co-Founder Lili Metodieva, this strengthens the platform's promise to make crypto function as real money.

Summary

This partnership significantly enhances the infrastructure behind crypto-to-fiat payments, improving efficiency across key global corridors. By combining TrustLinq's unique settlement model with Ripple's vast network, the collaboration is poised to streamline international payments for both personal and business users.

FAQ

Q: What is the main benefit of the TrustLinq and Ripple integration?
A: The primary benefit is the expansion of faster, more cost-efficient local fiat payouts from crypto wallets to bank accounts across an expanded network of over 170 countries.

Q: Which stablecoins does the TrustLinq service support?
A: The service currently supports USDT (ERC-20 and TRC-20), USDC, and EURC.

Source: Investing.com