AEON integrates Ripple’s XRP and RLUSD for real-world payments

AEON, a cutting-edge crypto payment framework, has teamed up with Ripple to integrate XRP and Ripple USD (RLUSD), a USD-backed stablecoin, into its payments ecosystem. Ripple and AEON aim to leverage their partnership to redefine how digital assets are used for everyday transactions. Specifically, they are eyeing traction by blending blockchain efficiency with real-world utility. The news comes amid great interest in stablecoins as the US moves towards a comprehensive regulation via the GENIUS Act. AEON also announced a major integration with Dfinity to add Internet Computer (ICP) to accept payment in the Southeast Asia region. The moves align with AEON’s mission to bring real-world web3 payments to everyday users. Ripple’s XRP and RLUSD integrated into AEON Pay According to a press release on June 26, AEON Pay now supports XRP and RLUSD for both online and offline purchases. That means users can now pay with the cryptocurrency and stablecoin, whether they are grabbing a coffee at Starbucks, shopping at UNIQLO, or ordering from McDonald’s. AEON Pay users will be able to seamlessly pay with Ripple USD via the Telegram Mini App or decentralisd applications integrated into wallets like Bitget Wallet and TokenPocket. Per the announcement, the rollout kicks off with access to over 20 million merchants across Southeast Asia. This will cover more than 10,000 consumer brands, while expansion plans include rolling out across Africa, Latin America, and other emerging markets in the future. RLUSD, issued by Ripple subsidiary Standard Custody & Trust Company, is designed for trust and compliance. The token launched in 2024 is fully backed by US dollars and cash equivalents. Usage in cross-border payments and daily purchases is likely to explode amid growing adoption. What does this mean for XRP? This partnership leverages Ripple’s stablecoin prowess and AEON’s vast payment network to drive crypto adoption on a massive scale. AEON’s AI-powered payment system adds another layer of innovation, enabling intelligent agents to automate transactions, subscriptions, and remittances across web3. Overall, the move aligns with Ripple’s mission to bridge traditional finance and blockchain. The integration of XRP into AEON’s payment network could therefore boost the cryptocurrency’s real-world utility, potentially driving demand. With access to 20 million merchants and expansion plans, XRP’s use case as a fast, low-cost payment option could strengthen. With XRP’s role in cross-border payments seeing increased adoption, analysts point to a bullish outlook for price. However, other factors also come into play, including market trends and investor confidence. The post AEON integrates Ripple’s XRP and RLUSD for real-world payments appeared first on Invezz

Source: Invezz