BNY and Ripple Test Using the XRP Ledger to Finance Approved Invoices

BNY Mellon has added XRP and its stablecoin RLUSD to its custody platform, positioning the assets for use in invoice financing. Ripple and the fintech C2FO are jointly piloting a system that settles approved invoice payments directly on the XRP Ledger, aiming to streamline the process and reduce settlement times. The pilot will involve real‑world invoice transactions, leveraging XRP’s low‑latency network and RLUSD’s price stability to provide a faster, cheaper alternative to traditional banking channels.