The proposed settlement model
C2FO and Ripple announced on 27 October an initiative to bring financing and settlement for the new C2FO Instant Pay service onto the XRP Ledger, using the dollar-denominated RLUSD stablecoin. Suppliers would continue requesting early payment through C2FO; participating capital providers would fund approved invoices, while blockchain settlement is intended to move the funds in seconds rather than waiting for legacy bank settlement. The invoice’s contractual terms and due date would remain unchanged. The service is at an early stage, and interested businesses are being directed to a waitlist rather than offered immediate general availability.
Working-capital implications
For suppliers, faster settlement after approval could shorten the gap between accepting a financing offer and receiving usable funds. But the economic decision still depends on the early-payment discount, funding cost, currency conversion and redemption path—not settlement speed alone. Buyers and suppliers will also need clear records linking the on-chain transfer to the original invoice, plus controls for wallet access, payment errors, sanctions screening and accounting reconciliation.
What it means for merchants
Before joining a pilot, model the full cash outcome and document how an RLUSD settlement maps to the invoice, bank ledger, tax record and exception-resolution process.
Read the original announcement
Ripple · 27 Oct 2026This brief summarizes the linked primary source. Claims and reported figures have not been independently audited by Payment Guide.