Caleb & Brown Adds Ripple Payments for Faster USD Withdrawals

Caleb & Brown, a cryptocurrency brokerage managing over $2 billion in digital assets, announced on June 25 that it has integrated Ripple Payments to support faster U.S. dollar withdrawals for clients. The rollout expands an earlier partnership by bringing Ripple’s payment network into the brokerage’s operational infrastructure for fiat transfers.

Digital asset markets operate 24/7, while U.S. dollar transfers still rely on traditional banking hours. Integrating Ripple Payments streamlines the movement of funds between Caleb & Brown’s platform and bank accounts, reducing withdrawal delays for clients.

Jake Boyle, Chief Commercial Officer at Caleb & Brown, 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.” Boyle first disclosed the rollout on Jan. 30 in a post on X, noting that clients could expect faster turnaround times on fiat withdrawals.

Ripple Payments is designed for domestic and cross-border payments, using blockchain-based infrastructure to support settlement between financial institutions and digital asset platforms. The integration can leverage XRP as a bridge asset in certain payment flows, depending on the transaction corridor and liquidity requirements.

Caleb & Brown said it will continue investing in systems that simplify buying, selling, storing, and withdrawing digital assets. Founded in 2016, the brokerage provides services for hundreds of digital assets through dedicated brokers in multiple jurisdictions.

Source: https://news.bitcoin.com/caleb-brown-adds-ripple-payments-for-faster-usd-withdrawals/