Update
Ripple and BNY Explore XRP Ledger for Invoice Payments
Ripple and BNY are exploring the use of the XRP Ledger to speed up invoice financing, allowing suppliers faster access to money owed by customers. The initiative, developed with C2FO, would let capital providers fund approved invoices, potentially delivering payments within seconds. BNY plans to let clients mint and redeem Ripple's dollar-backed RLUSD stablecoin through the bank. The partnership also includes XRP custody and explores tokenized assets for trade finance. The trade finance initiative remains under development and has not announced a launch date.