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Bitso Deploys Ripple Payments and RLUSD to Speed Up Latin American Transfers

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TLDR:

  • Bitso reduces cross-border transfer times from multiple days to near-instant using blockchain technology 
  • RLUSD provides regulated dollar-denominated stability for volatile Latin American payment corridors 
  • Platform positions as U.S.-LATAM payout partner as demand for compliant stablecoin solutions expands 
  • Ripple Payments eliminates multi-hop banking processes, reducing costs and increasing transparency

 

Bitso accelerates cross-border payments through its deployment of Ripple Payments, XRP and RLUSD across Latin American markets.

The digital asset platform reduces international transfer times from days to near-instant settlement for business clients.

Traditional banking systems previously required multiple intermediaries and extended processing periods. Bitso now delivers faster money movement by leveraging blockchain rails and regulated stablecoin infrastructure for regional payment corridors.

Speed Improvements Replace Multi-Day Settlement Processes

Bitso has transformed its platform to prioritize transaction velocity for cross-border transfers. The company shifted from crypto exchange operations to B2B payment infrastructure.

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Legacy payment systems in Latin America typically process international transfers through several correspondent banks. Each intermediary adds processing time and reduces transparency throughout the settlement chain.

Ripple Payments enables Bitso to bypass traditional multi-hop routing entirely. Blockchain technology settles transactions in minutes rather than the standard two-to-five business days.

XRP serves as a bridge currency to accelerate conversions between different fiat denominations. RLUSD provides dollar-denominated stability without requiring traditional banking infrastructure.

The acceleration benefits both remittance flows and commercial payment operations. Businesses previously waited days to receive international payments from partners or customers.

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Bitso now completes these same transfers within minutes using distributed ledger technology. Recipients access funds almost immediately after transaction initiation.

Gabriele Zuliani, Head of Growth at Bitso, spoke about the transformation this technology brings. “RLUSD and Ripple Payments let us reinvent how money moves globally: faster, at lower cost, and with far greater transparency,” Zuliani said.

He added that as demand grows in the U.S., Bitso stands ready to serve that demand. The platform aims to become the rail and payout partner for LATAM.

Rapid Blockchain Settlement Powers Regional Payment Distribution

The acceleration strategy addresses specific pain points within Latin American financial markets. Local currency volatility creates urgency around fast, stable settlement options.

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Businesses cannot afford to wait days while exchange rates fluctuate during transfer processing. RLUSD enables rapid conversion to dollar-denominated value.

Bitso positions itself as a payout partner capable of distributing funds throughout the region quickly. The platform maintains local market presence across multiple Latin American countries.

This regional footprint combines with blockchain speed to deliver comprehensive payment solutions. Companies can now send payments that reach recipients the same day.

Regulated stablecoin infrastructure supports the acceleration without sacrificing compliance requirements. RLUSD operates within established financial oversight frameworks while maintaining transaction speed.

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Traditional compliance processes often slow down international transfers through extended verification periods. Bitso balances regulatory adherence with operational efficiency.

Growing demand from U.S. businesses requires scalable, rapid payment infrastructure for Latin American operations.

Bitso’s blockchain-based approach handles increasing transaction volumes without proportional slowdowns. As cross-border payment needs expand, the platform scales its acceleration capabilities accordingly.

The combination of Ripple Payments, XRP and RLUSD creates infrastructure for next-generation regional money movement.

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AI tokens rally after Nvidia open-source agent plan, beat CoinDesk 20

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AI tokens rally after Nvidia open-source agent plan, beat CoinDesk 20

Cryptocurrencies linked to artificial intelligence, such as Bittensor’s TAO, NEAR Protocol, Internet Computer, and others rallied after Wired reported that Nvidia is preparing a new open-source platform for autonomous AI agents, a concept similar to the OpenClaw framework, ahead of its annual developer conference.

The broader artificial intelligence token category rose about 4.8% to roughly $14.17 billion in market value, outperforming the wider crypto market, where the CoinDesk 20 index was up 2.86%. Among the majors, Bittensor’s TAO led the move, with NEAR Protocol and Internet Computer also advancing.

Nvidia’s new platform, according to Wired, will be called NemoClaw. The system would allow enterprise software companies to deploy AI agents that can perform multi-step tasks for employees, and Nvidia has reportedly approached firms including Salesforce, Cisco, Google, Adobe, and CrowdStrike about potential partnerships ahead of its developer conference next week.

Wired says NemoClaw is expected to include security and privacy tools for enterprise use and is part of Nvidia’s broader strategy to expand its software ecosystem while maintaining its dominance in AI infrastructure.

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Nvidia’s GTC developer conference begins March 17.

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Institutions Chalked Up $540M Worth of SOL ETFs in Q4

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Institutions Chalked Up $540M Worth of SOL ETFs in Q4

Investment advisors were the biggest buyers of the US-based spot Solana ETFs at over $270 million, while hedge fund managers came in next at $186 million.

Silicon Valley-based venture capital firm Electric Capital Partners and investment bank Goldman Sachs were the two largest buyers of spot Solana exchange-traded funds, which launched for trading in the US in October last year.

Data shared by Bloomberg ETF analyst James Seyffart on Monday shows that the top 30 institutional holders of US spot Solana (SOL) exchange-traded funds bought over $540 million worth of the ETFs in the quarter.

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Electric Capital and Goldman Sachs took out the top two positions with $137.8 million and $107.4 million worth of Solana ETF exposure, while Elequin Capital, SIG Holding and Multicoin Capital rounded out the top five.

Morgan Stanley and Citadel Advisors were among the other notable institutions that bought spot Solana ETFs after Bitwise launched the first Securities and Exchange Commission-approved spot Solana ETF on Oct. 28.

Top 15 largest institutional holders of Solana ETFs based on 13F filings. Source: James Seyffart

Seyffart’s data comes from 13F filings submitted to the SEC in mid-February, where institutions managing over $100 million in assets are required to disclose their Q4 holdings and position sizes.

Investment advisors accounted for by far the largest share of spot Solana ETF ownership at over $270 million, while hedge fund managers came in next at $186.4 million.

Holding companies and brokerage firms held $59.5 million and $20.3 million, while banks held $4.5 million.

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Split of Solana ETF holders by institution type. Source: James Seyffart

The $540 million in Solana ETF holdings was backed by approximately 4.3 million SOL tokens.

However, those 4.3 million SOL tokens have fallen over 30% in market value since the end of Q4, from $124.95 to $86.53 at the time of writing.