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Ramp and Stripe Launch Stablecoin-Backed Corporate Cards to Streamline Cross-Border Transactions
Ramp and Stripe Launch Stablecoin-Backed Corporate Cards to Streamline Cross-Border Transactions
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Ramp, a US-based corporate card and financial operations platform, has expanded its partnership with Stripe to introduce the first stablecoin-backed corporate cards integrated with spend management software. The collaboration targets inefficiencies in cross-border transactions, addressing delays, high costs, currency volatility, and compliance hurdles.
Traditional international payments often take five business days to settle, with fees exceeding $50 per transaction. The new solution leverages stablecoins to mitigate fiat currency risks and accelerate settlement times, offering businesses a more efficient alternative for global operations.
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