- Users around the world can now easily purchase RLUSD using a variety of Fiat currencies and payment options.
- With over 8.3 million users worldwide, Transak is the world’s largest and most compliant Web3 payment infrastructure provider.
Transak, a leading provider of Web3 Payments infrastructure, has officially integrated support for its newly released enterprise-grade Stablecoin, Ripple USD (RLUSD). Users around the world can now easily purchase RLUSD using a variety of Fiat currency and payment options, including bank transfers, credit cards, and debit cards.
On Ethereum Network, RLUSD can be purchased using Transak. Ripple’s RLUSD Stablecoin is fully backed and tied to the US dollar. Add transparency and reliability to the blockchain of facility-grade assets through a reliable P2P exchange medium.
The New York Financial Services Agency (NYDFS) oversees the issuance of RLUSD. The RLUSD is issued under the New York Trust Charter at 1:1 equivalent to US dollars and cash. Monthly proof reports are provided for complete transparency.
“We’re committed to providing a range of services to our customers,” said Sami Start, CEO and co-founder of Transak.
“Transak has always worked to make funds truly accessible, including bringing assets like RLUSD that balances blockchain ethos and compliance requirements. This integration allows users to access one of the most thoughtfully designed stubcoins in the market that can be used from a seamless, reliable and reliable experience.”
RLUSD was created to meet the requirements of businesses (think villages and financial management around the world). Additionally, millions of ordinary people around the world have immediate access to lists like Transk.
With regulatory licenses and registrations in key areas such as the UK (FCA registration), the US (Fincen MSB), and the EU (via VASP registration), Transak serves more than 8.3 million users and is built into over 450 wallets and Dapps. For all authenticated users, this will facilitate the RLUSD purchasing process and comply with the law.
Transak consumers can confidently purchase RLUSD thanks to industry-leading data security standards such as Multi-Level KYC procedures, aggressive round support, and ISO 27001 certification and SOC 2 compliance. Buy RLUSD on Ethereum by visiting GlobalTransak.com or using On-Ramp Straight from your preferred wallet or app.
With over 8.3 million users worldwide, Transak is the world’s largest and most compliant Web3 payment infrastructure provider. Strengthen over 450 platforms and make buying and selling digital assets easier with API-driven FIAT-CRYPTO ON/OFF-RAMP, NFT checkout and other solutions that streamline KYC, compliance, payment methods and customer support.
Founded in Delaware, it is headquartered in Miami, USA, and has offices in London, Milan, Dubai and Hong Kong in addition to high-tech clusters in Bengaluru.
Controlled by Ripple’s USD, known as Ripple USD (RLUSD), Stablecoin aims to maintain its value at USD 1. Natively created with Ethereum and XRP Ledger blockchains, RLUSD is fully supported by another cash and cash equivalent that can exchange 1:1 in USD at 1:1. RLUSD enables a simple fiat for real-time, secure, compliant payments and exchanges, fintech, cryptocurrency on-ramps, and on-off-ramps of other applications.
Standard Custody, the publisher of RLUSD, is a wholly owned subsidiary of Ripple Labs, and manages NYDFS as a limited purpose trust business. 100% of the assets must be supported by very liquid, short-term, transparent reserves. Standard custody, including reimbursement with strict SLA and NYDFS customer protection and reserve requirements, maintains high safety and sound standards.
