Ripple and Mercy Corps Ventures have expanded their partnership.
The two companies will work towards the adoption of RLUSD stablecoin.
Ripple has pledged a substantial $5.5 million to support MCV.
Ripple, the American fintech firm, and Mercy Corps Ventures (MCV) have expanded their partnership to focus on the adoption of the RLUSD stablecoin. This blockchain-based token is pegged to the US dollar and is currently in beta testing.
As per an announcement, the two firms will expand their “Unlocking Opportunity” program to support emerging entrepreneurs and small to medium-sized enterprises (SMEs) in the digital asset space. The program aims to help those building solutions for financial resilience through blockchain and fintech innovation.
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Ripple will provide technical and financial support, using the XRP Ledger (XRPL) and RLUSD to focus on use cases like savings, remittances, micropayments, and tokenization. Ripple has pledged $5.5 million to support Mercy Corps Ventures and its focus on scalable solutions.
It is important to note that over the past three years, Ripple and Ripplewo…
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