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Ripple and Mastercard Join Forces to Revolutionize Credit Card Payments with RLUSD

Ripple has announced a groundbreaking partnership with Mastercard, WebBank, and Gemini to utilize its RLUSD stablecoin for settling fiat credit card transactions on the XRP Ledger.

This initiative was unveiled at the Swell 2025 event and aims to merge aspects of traditional finance with innovative blockchain technology.

Regulatory approvals are pending, but the collaboration intends to streamline payment processes and enhance transaction efficiency across financial systems.

Monica Long, President of Ripple, stated that the project aims to bring blockchain speed to everyday payments, potentially drastically reducing settlement times for credit card transactions.

The RLUSD, which has over $1 billion in circulation since its launch in December 2024, could pave the way for quicker and more efficient payment solutions.

Mastercard's Sherri Haymond summarized that through this partnership, they are working to integrate stablecoin payments into mainstream financial operations.

WebBank, acting as the issuer of the Gemini Credit Card, will be pivotal in implementing this blockchain-based payment settlement.

This collaboration signifies a notable advancement towards embracing regulated digital assets while ensuring consumer protection and compliance in payment processes.

If successful, Ripple, Mastercard, and Gemini’s partnership could serve as a model for future innovations in the credit card industry, potentially transforming financial infrastructures.

As the regulatory landscape continues to evolve, the success of this initiative may create new opportunities in the rapidly changing financial sector.