Shentao TechFlow News: On March 25, according to CoinDesk, Ripple announced its participation in the BLOOM program under Singapore's Monetary Authority (MAS), where it will test an automated cross-border trade finance settlement solution powered by stablecoin RLUSD within the regulatory sandbox.
Ripple is collaborating with supply chain fintech company Unloq to build a condition-triggered payment system based on XRP Ledger. When preset conditions such as cargo verification are met, the system will automatically release RLUSD payments, replacing the cumbersome processes in traditional trade finance that rely on manual verification, letters of credit, and correspondent banking relationships. This significantly compresses settlement cycles that originally took days or even weeks.
Shentao TechFlow News: On March 25, according to CoinDesk, Ripple announced its participation in the BLOOM program under Singapore's Monetary Authority (MAS), where it will test an automated cross-border trade finance settlement solution powered by stablecoin RLUSD within the regulatory sandbox.
Ripple is collaborating with supply chain fintech company Unloq to build a condition-triggered payment system based on XRP Ledger. When preset conditions such as cargo verification are met, the system will automatically release RLUSD payments, replacing the cumbersome processes in traditional trade finance that rely on manual verification, letters of credit, and correspondent banking relationships. This significantly compresses settlement cycles that originally took days or even weeks.