Previous Ripple partnership expands into live USD payment infrastructure
Caleb & Brown cryptocurrency The brokerage firm, which manages more than $2 billion in digital assets, announced on June 25 that it has integrated Ripple Payments to help customers withdraw US dollars faster. This development expands on the existing partnership between the two companies by incorporating Ripple’s payment network into the brokerage firm’s operational infrastructure for fiat money transfers.
Although digital asset markets operate 24 hours a day, US dollar transfers are still dependent on traditional bank business hours. Caleb & Brown said the Ripple Payments integration will streamline the movement of funds between brokerage platforms and bank accounts, leading to reduced withdrawal delays for customers.
Jake Boyle, Caleb & Brown’s chief commercial officer, said:
“Ripple Payments bridges the innovation and speed of the crypto industry with the reality that the US dollar and traditional banking system still exist.”
Ripple Payments now supports live USD transfers within Caleb & Brown’s intermediary platform, reducing friction during the withdrawal process. Boyle first revealed the development in a post on X on January 30th, noting that customers can expect faster turnaround times for fiat withdrawals.
Caleb & Brown aims to improve broader platform
Caleb & Brown said it will continue to invest in technology that simplifies the purchase, sale, storage and withdrawal of digital assets. Ripple Payments is designed for domestic and cross-border payments and uses blockchain-based infrastructure to support payments between financial institutions and digital asset platforms.
The brokerage’s relationship with Ripple extends beyond the brand and now includes payment infrastructure that supports fiat payments. This integration uses Ripple’s payments network and allows XRP to be leveraged as a bridge asset for specific payment flows depending on transaction corridors and liquidity requirements.
Caleb and Brown said:
“Caleb & Brown continues to invest in systems that make buying, selling, storing and withdrawing digital assets easier, faster and more reliable for our customers.”
The latest implementation reflects the company’s continued expansion of its operational infrastructure in parallel with its brokerage business. Founded in 2016, Caleb & Brown provides brokerage services for hundreds of digital assets through dedicated brokers serving clients in multiple jurisdictions.
