While many continue to argue whether Ripple is another “disappointed hope” or will finally find its place, the company is quietly making some very interesting moves.
At the beginning of this month, on March 4, it became known that Ripple joined the BLOOM pilot project launched by the Monetary Authority of Singapore (MAS) — one of the most respected regulators in Asia.
In the project, Ripple will work together with Unloq — a company specializing in supply chain financing. They are testing a system where payments are executed automatically as soon as the smart contract (receiving data from a logistics oracle) sees confirmation of goods shipment. And payments will be made through RLUSD — the stablecoin issued by Ripple itself.
The choice of a stablecoin rather than volatile XRP is critical here: for institutional payments in Singapore, the MAS regulator requires predictability and strict regulatory compliance.
Singapore is not just “another country.” It is one of Asia’s leading financial hubs. If the BLOOM pilot is successful (and such tests usually last for months), these automated blockchain payments could gradually begin to be implemented in other places as well. In essence, this is part of a huge global trend toward tokenization of financial flows in the real sector.
Jazzman’s Opinion: Why RLUSD Is More Important Than XRP in This Context
I like it when a company, instead of loud promises and hype, simply does its job. RLUSD in real commercial payments is exactly such a step. Not “we will revolutionize finance,” but “let’s try to make one process better and safer.”
If the pilot in Singapore succeeds, we may see stablecoins on the blockchain gradually begin to replace part of traditional bank transfers in international trade. This is no longer the future — this is a rehearsal that is already underway.
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Jazzman Crypto Jazz Exploring how bricks and gold turn into tokens. DYOR is my main chord.
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