TLDRCross River Bank announced on October 15 that it is adding Ripple’s RLUSD stablecoin to its Core Operating System.The integration includes support for the XRP Ledger, where transactions are designed to settle in about three to five seconds.Fintech customers could use stablecoin rails alongside ACH, wire transfers and other bank payment services.Compliance checks, currency conversion and off-ramps can still add time before money reaches the final recipient.Neither company called the deal a replacement for existing payment networks.Cross River Bank is adding Ripple’s stablecoin to the system it uses to move money for fintech customers. The bank announced the move on October 15.The stablecoin is called Ripple USD, or RLUSD. Cross River said it is integrating RLUSD into its own Core Operating System, with support for the XRP Ledger.A stablecoin is a digital token built to hold a steady value. RLUSD is designed to track the US dollar.How the RLUSD Integration WorksCross River is a US bank that provides financial infrastructure to other businesses. Many of its customers are fintech companies that rely on the bank to handle payments.The bank said the goal is to give fintech customers access to blockchain settlement alongside conventional payment rails. It is not meant to be a separate payment product.Businesses that connect through Cross River could use stablecoin rails next to the systems they already know. These include ACH transfers, wire transfers and other bank payment services.For Cross River, adding stablecoin support is part of a wider effort. The bank wants to give customers access to different payment methods through a single integration.For Ripple, the deal gives RLUSD another way into regulated banking. It places the stablecoin inside the daily workflows of a US bank.Speed and Cost on the XRP LedgerThe XRP Ledger is a public blockchain network. Transactions on it are designed to settle in about three to five seconds, and each one can cost a fraction of a cent.These features are part of why Ripple is pitching RLUSD for certain uses. They include cross-border payments, merchant settlement and treasury transfers.Many of these payments do not fit well into normal banking hours. A blockchain network can process transactions at any time of day.However, blockchain speed is not the same as the total time it takes to deliver money. Several steps can add time before funds reach the person or business receiving them.Compliance reviews are one of those steps. Currency conversion and moving funds back into a bank account, known as the off-ramp, can also slow things down.Neither Cross River nor Ripple described the deal as a replacement for current payment networks. Neither company said existing systems would be phased out.For now, the integration means a bank is adding another settlement tool for its customers. Fintech companies will decide for themselves whether to use it.Actual use of RLUSD on the platform will depend on which fintechs find it useful enough to build into their operations. The bank announced the integration on October 15.The post Cross River Bank Integrates Ripple’s RLUSD Stablecoin Into Payment System appeared first on Blockonomi.