Novatti Group has announced the integration of its stablecoin AUDC into Ripple’s XRP Ledger. The company said it will benefit from faster and low-cost transactions on XRPL.
AUDC will also be integrated into Novatti’s existing suite of payment solutions. It will potentially create a low-cost domestic and cross-border payment system, including stablecoin-linked payment cards, the company said in a press release.
Ripple to Provide Technical Support
Novatti said Ripple will provide the necessary technical support for the integration of AUDC into XRPL. Novatti’s new stablecoin is secured with a 1:1 backing of Australian dollar fiat value.
“We strongly believe that demand for the use of digital currencies will only increase going forward. Deploying our AUDC stablecoin on the XRP Ledger will help Novatti capture this growing demand and, in turn, position us to deliver new revenue streams,” Managing Director of Novatti, Peter Cook, said.
Integration into Existing Payment Solutions
Novatti...
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