Ripple and C2FO Tap XRP Ledger to Turn Payment Delays Into Seconds

Ripple and C2FO are bringing invoice financing and settlement to the XRP Ledger, using Ripple’s dollar-backed stablecoin, RLUSD. The initiative targets bank transfer delays that leave suppliers waiting days for approved early payments. Suppliers could gain faster access to cash from approved invoices through an initiative announced Oct. 27 at Ripple Swell in New York. Working capital platform C2FO and blockchain infrastructure provider Ripple outlined plans to bring C2FO Instant Pay financing and settlement onto the XRP Ledger (XRPL), with Ripple USD (RLUSD) serving as the settlement asset. Payments would settle on the XRP Ledger in three to five seconds, Ripple stated.

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