Ripple’s RLUSD: Saving Trade Finance from Paperwork Purgatory
The project, with a name as florid as a Victorian novel (“BLOOM”), aims to automate cross-border trade finance payments. One can only imagine the horror of bankers deprived of their beloved paperwork, their quills rendered obsolete by the tyranny of efficiency. No more shall the international trade transaction languish in the purgatory of manual approvals and middlemen.
