Ripple has announced an important development concerning users in South America.
The firm is expanding its partnership with Bitso to bring MXNB, Bitso’s Mexican peso-backed stablecoin, to the XRP Ledger for enterprise settlement.
As part of the collaboration, MXNB will be integrated into Ripple’s Payments on Decentralized Exchange infrastructure. The asset will work together with RLUSD – the firm’s dollar-backed stablecoin- and will support cross-border liquidity between the US dollar and the Mexican peso.
It also builds on Ripple and Bitso’s long-running payments relationship in Latin America, as Bitso now serves over 10 million users.
Stablecoin Liquidity Takes Center Stage
The main purpose of the collaboration is to make enterprise payments between the US and Mexico more efficient. MXNB is designed to give institutions peso-denominated liquidity on-chain, while RLUSD will provide the dollar side of the settlement.
Commenting on the matter was Silvio Pegado, Ripple’s Mana
We współpracy z: https://cryptopotato.com/important-ripple-xrp-announcement-june-11/
