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Ripple and OpenPayd Partner to Deliver Enterprise-Ready Stablecoin and Payment Infrastructure
LONDON, UK – July 2, 2025 – In a landmark move for blockchain and fintech integration, Ripple has announced a strategic partnership with OpenPayd, a leading provider of financial infrastructure. The collaboration aims to deliver compliant, scalable, and efficient payment solutions for enterprise clients, bridging the gap between traditional finance and blockchain.
Unified Payment Rail for Enterprise Clients
Through the agreement, OpenPayd’s global fiat infrastructure — including real-time payment rails, multi-currency accounts, and virtual IBANs — will support Ripple Payments in EUR and GBP. Ripple Payments, the company’s cross-border payments platform, leverages blockchain and digital assets to offer fast, transparent, and reliable international transactions.
“Ripple has long been a pioneer in blockchain-based payments,” said Iana Dimitrova, Chief Executive at OpenPayd.
“By combining Ripple Payments with OpenPayd’s rail-agnostic and interoperable fiat infrastructure, we’re delivering a unified platform that simplifies global money movement and cross-border treasury management.”
Direct Access to RLUSD Stablecoin Infrastructure
The partnership also marks a major leap for stablecoin innovation. OpenPayd will enable direct minting and burning of Ripple USD (RLUSD), Ripple’s enterprise-grade, USD-denominated stablecoin. Businesses will gain seamless access to embedded accounts, payments, trading, and fiat–stablecoin conversion — all via a single API.
“The future of global finance depends on seamless interoperability between traditional infrastructure and digital assets,” said Jack McDonald, SVP of Stablecoins at Ripple.
“Our collaboration with OpenPayd gives enterprises reliable access to RLUSD, combining the stability and compliance they expect with the blockchain connectivity they need.”
Enterprise-Scale Use Cases
This combined infrastructure supports a wide range of enterprise applications, including:
- Cross-border payments
- Global treasury management
- Dollar liquidity access at scale
- Stablecoin-powered dollar operations
As demand for real-time, compliant global infrastructure grows, the partnership aims to future-proof enterprise payment strategies.
Ripple’s Global Reach
Ripple Payments now covers 90+ payout markets, representing over 90% of global daily FX volume, with more than $70 billion processed to date. The company’s secure, regulatory-compliant infrastructure positions it as a leader in providing core digital asset services for financial institutions.
@ Newshounds News™
Source: Ripple Press Release
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Big Beautiful Bill Passes Without Crypto Tax Relief – Snorter Bot Emerges as Market Alternative
WASHINGTON, D.C. – July 2025 – In a narrow 51–50 vote, the U.S. Senate has passed the ‘One Big Beautiful Act,’ a sweeping budget reconciliation bill backed by President Donald Trump. While the legislation delivers major fiscal reforms, it notably excludes crypto tax relief, despite strong lobbying from digital asset advocates.
The bill now returns to the House of Representatives for a second vote before heading to the president’s desk. But for now, crypto tax reform is off the table — a setback for the growing number of Americans using digital currencies in everyday life.
Senate Rejects Key Crypto Tax Amendment
Among the most anticipated proposals was an amendment by Senator Cynthia Lummis, which aimed to exempt crypto transactions under $300 from capital gains tax, capped at $5,000 annually. The amendment received vocal support from Gemini co-founder Tyler Winklevoss and BTC Inc.’s David Bailey, but was ultimately left out of the final package.
“It’s still a major step in the right direction,” said Lummis, calling the broader bill a win for “working families across Wyoming.”
Despite this optimism, the lack of tax clarity leaves many retail investors wary, especially when using crypto for small, everyday purchases. The omission also increases the appeal of decentralized platforms that bypass centralized tax reporting requirements.
Snorter Bot Offers a Workaround: Fast, Low-Fee Solana Trading
In contrast to legislative inaction, innovation in crypto trading is advancing rapidly. A standout example is the upcoming launch of Snorter Bot, a Telegram-based trading tool built on Solana, offering sub-second trade speeds and industry-low fees of just 0.85%.
The bot is designed to help users:
- Auto-snipe emerging tokens before they trend
- Flag potential scams and honeypots
- Execute trades faster than competitors like Maestro, Bonk Bot, and Banana Gun
Snorter Bot’s utility is powered by $SNORT, its native token. Holding $SNORT unlocks:
- Reduced trading fees
- Premium bot features
- Staking rewards up to 236% APY
- DAO voting rights for future platform upgrades
With over $1.4 million raised in presale since May 28, 2025, $SNORT is emerging as a powerful alternative for retail traders looking to stay agile amid regulatory limbo.
From Regulation Gridlock to On-Chain Agility
While the Senate’s decision may frustrate crypto enthusiasts, it underscores a growing reality: technology is evolving faster than regulation.
“As policymakers stall, Snorter could soon empower everyday users to make decentralized trades with unbeatable fees and real on-chain utility,” said a representative from the Snorter development team.
The project is also preparing to expand beyond Solana, eyeing major EVM-compatible chains to build a multi-chain, future-ready trading platform.
$SNORT is currently priced at $0.0971, with projections estimating a potential rise to $0.94 post-exchange listing — an 868% upside. However, as always in crypto: Do Your Own Research (DYOR) and never invest more than you’re prepared to lose.
@ Newshounds News™
Source: Bitcoinist
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