Latest news with #globalpayments
Yahoo
2 days ago
- Business
- Yahoo
Ripple acquires new surprising stablecoin platform
Ripple acquires new surprising stablecoin platform originally appeared on TheStreet. Ripple has agreed to acquire Rail, a stablecoin platform for global payments, for $200 million, the crypto payments firm said on Aug. 7. The fintech firm is one of the leading players in the global stablecoin market that issues RLUSD, a stablecoin pegged 1:1 to the U.S. dollar. 'Stablecoins are quickly becoming a cornerstone of modern finance, and with Rail, we are uniquely positioned to drive the next phase of innovation and adoption of stablecoins and blockchain in global payments,' said Ripple President Monica by Galaxy Ventures and Accomplice, Toronto-based Rail has partnered with more than 12 banks to offer seamless service to its clients. Rail CEO Bhanu Kohli said, 'Over the last four years, Rail built the fastest way to settle business payments internationally using stablecoins, and in 2025, Rail is forecasted to process over 10% of the $36B global B2B stablecoin payments. Ripple shares our vision, and together, we're excited to bring our innovation to the millions of businesses that move money internationally.' Ripple launched RLUSD in December 2024, and President Donald Trump signed the GENIUS Act into law in mid-July 2025 in order to regulate USD-pegged stablecoins and consolidate the global dominance of the U.S. dollar. With a market cap of $612 million, RLUSD doesn't account for even 1% of the total stablecoin market that is worth nearly $270 billion at the time of writing. Expected to close in the fourth quarter of 2025, the deal would pave the way for Ripple to penetrate the stablecoin market further. Ripple acquires new surprising stablecoin platform first appeared on TheStreet on Aug 7, 2025 This story was originally reported by TheStreet on Aug 7, 2025, where it first appeared.
Finextra
15-07-2025
- Business
- Finextra
Clear Junction launches fiat rails for crypto firms with vIBAN service
Clear Junction, a specialist in global payments and banking infrastructure for regulated financial institutions, has extended access to its named virtual IBAN (vIBAN) services to licensed virtual asset service providers (VASPs) – a functionality previously only available to banks and electronic money institutions (EMIs). 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. A named vIBAN is a unique code assigned to an individual customer for sending and receiving payments, without creating a separate payment account. This approach enables full traceability of funds, streamlined reconciliation, enhanced AML and KYC processes, and greater institutional trust. By offering this capability to European and UK-licensed crypto asset providers, Clear Junction aims to strengthen the fiat infrastructure available to regulated crypto firms and help them overcome long-standing barriers to accessing reliable account services. It forms part of Clear Junction's broader strategy to bridge the fiat and digital asset ecosystems through enterprise-grade, compliance-focused infrastructure. As regulatory clarity improves across key markets – including the EU's Markets in Crypto-Assets (MiCA) framework and the UK's new crypto registration requirements – crypto companies are under growing pressure to meet higher standards of compliance, AML screening, and auditability. Yet many still face institutional gatekeeping and outdated banking systems that restrict access to essential fiat services, often forcing them to rely on high-friction workarounds or intermediaries. Clear Junction's named vIBANs solve these challenges by giving digital asset providers direct access to fiat settlement capabilities and customer-level account referencing. This unlocks a range of crypto-specific use cases, including me-to-me transfers, fiat-to-crypto conversions, and automated treasury operations. In turn, it boosts operational efficiency, reduces risk, and enables crypto-native institutions to deliver bank-like services on par with traditional fintechs and EMIs. Dima Kats, CEO and Founder of Clear Junction, commented: 'The virtual asset ecosystem has matured rapidly, but fiat infrastructure has often lagged behind. We're closing that gap, and this launch is another step toward normalising crypto within the global payments ecosystem. 'We've long understood that VASPs face an uphill battle accessing fiat services, even when they're fully licensed and compliant. This launch is about solving that pain point with a practical, scalable solution. By extending named vIBANs to digital asset providers, we're giving regulated crypto institutions the tools they need to scale responsibly, with full compliance and greater operational clarity.' Example use cases include: • Wallet operators assigning unique vIBANs to individual users, enabling fiat deposits/withdrawals with reference-free reconciliation • Crypto exchanges managing multiple jurisdictions and currency pairs with cleaner fund flows • OTC desks executing high-volume fiat-to-crypto conversions under tighter operational controls • Token issuers streamlining fiat treasury flows across ecosystems This service complements Clear Junction's broader digital asset offering, which includes: • Instant fiat deposits and withdrawals • EUR and GBP payment rails via SEPA and FPS • On/off-ramp solutions for fiat-to-crypto transactions • On-chain transfers via its stablecoin payment service supporting USDT and USDC on Ethereum, Solana, and Tron networks The expanded vIBAN service is backed by Clear Junction's deep regulatory expertise and technology platform purpose-built for regulated institutions. The group is one of the few UK-based entities licensed both as an EMI and a crypto asset service provider by the Financial Conduct Authority, uniquely positioning it to support the evolving needs of the digital asset sector. Founded in 2016, Clear Junction enables financial institutions to access accounts, vIBANs, payment networks, FX services, and e-wallets quickly, securely, and in full compliance with regulatory requirements. Its infrastructure is built to reduce time to market, expand access to new regions, and power faster, safer global payments.
Zawya
09-07-2025
- Business
- Zawya
Ant International 'seriously considering' stablecoin license applications
SINGAPORE - Singapore-headquartered financial technology company Ant International is "seriously considering" stablecoin license applications in multiple jurisdictions around the world, an executive said on Wednesday. "Firstly, we will not be focusing on crypto transactions," Ant International's Head of Platform Tech Kelvin Li said in a panel at the Reuters Next Conference in Singapore. "On the other side, we'll be focusing on global payments. We believe stablecoins are an important means that will enable us to provide global payments in much more efficient way and bring much better customer experience," he added. Ant International is the overseas arm of Chinese fintech giant Ant Group. Stablecoins, a type of cryptocurrency designed to maintain a constant value, are usually pegged to a fiat currency such as the U.S. dollar. They are commonly used by crypto traders to move funds between tokens. (Reporting by Yantoultra Ngui, Kane Wu, Himanshi Akhand, Scott Murdoch; Editing by Jan Harvey and Kim Coghill)
Yahoo
09-07-2025
- Business
- Yahoo
REUTERS NEXT-Ant International 'seriously considering' stablecoin license applications
SINGAPORE (Reuters) -Singapore-headquartered financial technology company Ant International is "seriously considering" stablecoin license applications in multiple jurisdictions around the world, an executive said on Wednesday. "Firstly, we will not be focusing on crypto transactions," Ant International's Head of Platform Tech Kelvin Li said in a panel at the Reuters Next Conference in Singapore. "On the other side, we'll be focusing on global payments. We believe stablecoins are an important means that will enable us to provide global payments in much more efficient way and bring much better customer experience," he added. Ant International is the overseas arm of Chinese fintech giant Ant Group. Stablecoins, a type of cryptocurrency designed to maintain a constant value, are usually pegged to a fiat currency such as the U.S. dollar. They are commonly used by crypto traders to move funds between tokens. To view the live broadcast of the World Stage go to the Reuters LIVE page:
Reuters
09-07-2025
- Business
- Reuters
-Ant International 'seriously considering' stablecoin license applications
SINGAPORE, July 9 (Reuters) - Singapore-headquartered financial technology company Ant International is "seriously considering" stablecoin license applications in multiple jurisdictions around the world, an executive said on Wednesday. "Firstly, we will not be focusing on crypto transactions," Ant International's Head of Platform Tech Kelvin Li said in a panel at the Reuters Next Conference in Singapore. "On the other side, we'll be focusing on global payments. We believe stablecoins are an important means that will enable us to provide global payments in much more efficient way and bring much better customer experience," he added. Ant International is the overseas arm of Chinese fintech giant Ant Group ( opens new tab. Stablecoins, a type of cryptocurrency designed to maintain a constant value, are usually pegged to a fiat currency such as the U.S. dollar. They are commonly used by crypto traders to move funds between tokens. To view the live broadcast of the World Stage go to the Reuters LIVE page:
