PRESS RELEASE: Cross River Bank, the bank behind X Money, expands
$RLUSD payments via a single API into its core banking system π
crossriver.com/newsroom/crosβ¦
So the same bank that holds X Money deposits and backs its Visa card can now move its fintech customers between dollars and RLUSD, and they still get ACH, wires and real time payments through that one API.
Nothing in the release says X Money will use RLUSD, so I wouldn't read that into it. Still, I think it's worth noticing that both now run through the same bank.
The part I find most interesting is card payments. Banks that issue cards and the ones that pay merchants normally settle up with each other in batches, and Cross River says RLUSD lets them settle during the day instead.
#XRPL #RLUSD #XRP