Ripple (XRP) Announced a Major New Partnership

Ripple announced that Arf, a company that provides liquidity to cross-border payment companies, is preparing to offer short-term working capital on the $XRP Ledger using $RLUSD. The collaboration focuses on the financing needs that arise between the start of a transfer and the completion of the final settlement in international payments.

Payment companies may need to hold funds in advance to complete transactions in different countries. This results in money sitting in specific accounts, reducing the capital available to the companies. ARF’s approach aims to bridge this gap with short-term liquidity.