Ripple, the company behind XRP, just announced Ripple Treasury – a platform that’s aimed at accounting teams, treasurers, and CFOs, attempting to provide complete control over both traditional and digital treasury operations. Digital Currency Treasuries Amid Rapid Crypto Adoption Many regular businesses have begun accepting cryptocurrencies and, even more, have established crypto treasuries as part of their operations. Handling those, however, can be somewhat challenging, especially as the adoption of stablecoins, tokenized securities, and blockchain-based payments accelerates. Ripple, together with GTreasury, a company they acquired, is now introducing Ripple Treasury. Advertised as the “only single-provider solution that gives [you] complete control over both traditional and digital treasury operations,” Ripple Treasury is a unified platform that CFOs, accountants, and treasurers will be able to leverage in managing everything from stablecoin usage to crypto acceptance on behalf of their companies and clients. Additionally, the solution would allow users to settle cross-border transfers using Ripple’s native stablecoin – RLUSD, which enables them to maintain dollar value throughout the transit. They can also compress forex-related risks from days to seconds because they can convert to local currency only at the destination. Speaking of RLUSD, as a reminder, recall that many financial giants, such as Mastercard, are already testing the product on XRPL. More features include: Automated FX policy rules for optimization Access to competitive forex rates through Ripple’s liquidity network, and more. Moreover, on the vendor side, Ripple Treasury will secure 3-5 second settlements, eliminate pre-funding requirements for overseas transfers, provide real-time payment tracking only possible because of the blockchain-based technology, etc. The post No More Waiting: Ripple Makes Big Announcement Aimed at CFOs appeared first on CryptoPotato .
