Ripple and Arf to offer short-term RLUSD loans for cross-border payments
- —Arf says it processes about $10 billion in international payments annually
- —Loans are issued and repaid in RLUSD; XRP is used only for fees and reserves
- —Borrowed funds are usually repaid within one to five days
- —The partners plan to use the XRP Ledger Lending Protocol once it is approved
Why it matters: The arrangement cuts the capital payment firms must lock up abroad and expands RLUSD use on the XRP Ledger, though it creates no direct demand for XRP.
Source: Crypto Insiders
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