Bitso, a leading Latin American digital asset platform, has partnered with Ripple to transform cross-border payments between the U.S. and Latin America. The solution leverages Ripple Payments, powered by Ripple's regulated stablecoin RLUSD and the XRP token, to enable near-instant settlement at lower costs.
The partnership directly addresses the critical problem of slow and expensive traditional cross-border payments that have plagued businesses in the region. By utilizing blockchain rails, Bitso replaces multi-day, multi-hop settlement processes with streamlined transfers. A key feature is the elimination of costly pre-funding requirements for businesses, as RLUSD provides on-demand, regulated, USD-denominated liquidity.
Gabriele Zuliani, Bitso's Head of Growth, stated, "RLUSD and Ripple Payments let us reinvent how money moves globally: faster, at lower cost, and with far greater transparency." The platform now acts as a payout partner across Latin America, offering institutional-scale settlement that mitigates local currency volatility through dollar-pegged stability.
This move signifies Bitso's evolution from a cryptocurrency exchange into a global B2B money-movement platform. Ripple highlighted that this adoption marks a new phase for payment corridors in Latin America, where blockchain technology is replacing legacy financial systems. The growing demand for compliant, regulated stablecoins in U.S.-LATAM corridors positions Bitso as a key distribution partner in this next era of payment innovation.
