Key Highlights
- Working capital platform C2FO has teamed up with Ripple to introduce Instant Pay, a financing solution settled via the XRP Ledger (XRPL) using the $RLUSD stablecoin.
- The feature allows participating capital providers to fund early supplier invoice settlements 24/7 at a fraction of a cent per transaction, launching first for eligible businesses in the United States.
- Ripple continues to expand real-world utility for $RLUSD through commercial liquidity arrangements with partners such as C2FO and cross-border finance provider Arf, alongside new treasury products.
C2FO and Ripple Partner to Accelerate Invoice Financing via XRP Ledger
Working capital marketplace C2FO has joined forces with enterprise blockchain provider Ripple to establish a faster, continuous settlement process for early invoice payments. By integrating the XRP Ledger (XRPL) and leveraging the dollar-backed stablecoin $RLUSD, the collaboration seeks to overhaul how businesses unlock liquidity from their approved receivables.
Under the new structure, enterprise suppliers can continue to access working capital through the C2FO platform while capital providers fulfill the funding instantly across the blockchain. Speaking on the new initiative, Ragui Selwanes, C2FO’s president and chief operating officer for the Americas, noted:
“Working with Ripple and leveraging XRPL, we have built a new model for financing approved receivables that has the potential to broaden access to capital while preserving the relationships and experience our customers already trust.”
How Instant Pay Streamlines Early Payment Settlements
In C2FO’s established operational framework, vendors choose approved invoices and offer a pre-agreed discount in exchange for accelerated payout. The introduction of the Instant Pay feature preserves existing payment terms and commercial due dates between buyers and suppliers while introducing continuous, on-chain execution for participating funders.
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The system utilizes $RLUSD as the dollar-pegged digital settlement asset, providing a stable foundation to execute commercial disbursements around the clock. Because the XRPL operates non-stop, transactions can clear outside conventional commercial banking hours for fees that Ripple characterizes as a fraction of a cent. For end-users, Instant Pay requires no separate interface; businesses use their standard C2FO login and complete a single configuration step to verify bank accounts and remittance instructions. C2FO is releasing Instant Pay via an initial limited rollout over the upcoming months, maintaining a waitlist as capacity grows, with availability exclusive to the United States during the debut phase.
Highlighting the scale of the commercial initiative, Markus Infanger, senior vice president of RippleX, Ripple’s team supporting developers building on XRPL, described the commercial opportunity:
“Together with C2FO, this creates an opportunity to address billions of dollars in commercial activity and make approved receivables easier to finance.”
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Expanding the Commercial Footprint of $RLUSD
The deployment of $RLUSD across C2FO’s early-payment network mirrors broader efforts by Ripple to embed its stablecoin into day-to-day corporate treasury and cross-border liquidity operations. On October 22, Ripple announced a partnership with liquidity provider Arf, which utilizes $RLUSD to deliver short-term financing to licensed payment companies awaiting international settlement reconciliations.
In addition to trade receivables and institutional payment flows, Ripple announced on October 26 an initiative via Ripple Treasury to capture yields on dormant operating capital. This program allows qualifying enterprises holding $RLUSD balances to generate returns during non-business periods—including overnight, weekend, and holiday intervals—subject to eligibility and program terms.
Why This Matters
Traditional B2B commerce frequently suffers from cash-flow friction caused by standard net-30, net-60, or net-90 payment terms and the constraints of standard banking cutoff windows. By pairing an established supply-chain finance network with the 24/7 operating model of blockchain settlement, the C2FO and Ripple partnership directly targets those bottlenecks.
Furthermore, deploying $RLUSD in trade finance shifts corporate stablecoin usage from speculative trading environments into real-world business-to-business settlements. As capital providers fund early payouts around the clock, enterprises gain predictable access to liquidity without disrupting underlying commercial contracts.
Frequently Asked Questions
What is Instant Pay and who can access it?
Instant Pay is an early invoice settlement capability developed by C2FO that settles on the XRP Ledger using $RLUSD. At initial rollout, the feature is launching on a limited basis for businesses in the United States, with a waitlist available as access expands over the coming months.
Do suppliers need to change their existing business processes to use the feature?
No. Suppliers utilize their standard C2FO account and platform login. Activating the capability requires only a one-time onboarding step to link a bank account and confirm remittance details, while all existing invoice terms and supplier discounts remain intact.
How does the XRP Ledger support the funding process?
The XRP Ledger operates 24 hours a day, 7 days a week, enabling capital providers to fund invoices outside of standard banking hours at transaction fees measuring a fraction of a cent, with $RLUSD functioning as the digital dollar settlement asset.
