Circle Enters Payment Race with New Network, CPN

Circle has launched Circle Payments Network (CPN), a novel solution aiming to revolutionize cross-border payments. The network directly challenges Ripple’s dominance in the market, offering fast and cost-effective processing for financial institutions worldwide. 24/7 real-time settlement powered by Circle’s stablecoins like USDC and EURC is key to this new approach. CPN aims to streamline payments for tasks such as invoice settlement, remittances, treasury management, and contractor payments. 20 design partners including Flutterwave, CoinMENA, Coins.ph, WorldRemit, and Yellow Card are already on board.