Tina Fey Explains How RLUSD Can Save Your Grandma’s Remittances

So, Ripple, the tech company that’s not exactly a ripple in the pond, has decided to blog about stablecoins and how their RLUSD can totally shake up the remittance game. 🌍💸

They’re saying RLUSD is going to be the hero of the $685 billion remittance market, which is like saying it’s going to be the new black, but for money. 🤑

Stablecoin vs. the Old, Boring Remittances

Ripple’s blog post reveals that last year, low- and middle-income countries received $685 billion in remittances. That’s the money migrants send home to their families, helping them pay for things like groceries, school fees, and maybe a new pair of shoes. 🥿💰 This flow of funds is like a lifeline, making up about 3% of GDP in over 80 countries. For some, it’s even keeping the national balance sheets from looking like a bad joke. 📊

But here’s the kicker: the traditional remittance system is still a rip-off. Fees can eat up more than 6% of the total transfer, and the money can take days to reach the recipient. It’s like waiting for a snail to deliver a pizza. 🐌🍕 But fear not, because stablecoins are here to save the day! 🦸‍♂️

Now, instead of using the expensive and slow services of Western Union or MoneyGram, you can send remittances from the US to the Philippines by buying stablecoins like USDT or Ripple’s RLUSD and sending them via a crypto exchange or digital wallet. It’s like sending a text message, but with money. 📲💸

Visa Joins the Stablecoin Party

The recipient can spend those stablecoins, hold them, or exchange them into their local currency. The whole process takes minutes instead of days and is much cheaper because there are no intermediaries or traditional banking infrastructure involved. It’s like cutting out the middleman and going straight to the source. 🚀

And get this, even Visa, the giant of the credit card world, has jumped on the stablecoin bandwagon. Since June, they’ve expanded stablecoin settlement services to Central and Eastern Europe, the Middle East, and Africa (CEMEA) through a partnership with Yellow Card, a fintech platform, and the use of USDC stablecoin. 🌍💳

Ripple’s RLUSD Enters the Remittance Game

Ripple reminded everyone that they’ve also launched a product that’s now part of this remittance revolution – the dollar-pegged stablecoin RLUSD. 🌟

They’ve secured all the necessary regulatory permits and licenses to be used for payments and remittances. Plus, Ripple is using RLUSD in other areas, like their recent initiative to donate $25 million RLUSD to sponsor major education nonprofits. It’s like they’re trying to be the cool kid in school who also does charity work. 🎓❤️

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2025-07-12 10:38