What to Know:
- Ripple is partnering with MasterCard, WebBank, and Gemini to introduce blockchain-based settlements.
- WebBank will use Ripple’s RLUSD stablecoin on the XRP Ledger to settle MasterCard transactions.
- This initiative aims to demonstrate faster and cheaper settlements between merchants and issuers.
Ripple’s Swell 2025 conference brought significant news as the company unveiled partnerships with payment giants to introduce blockchain-based settlements using its RLUSD stablecoin. This initiative aims to leverage the XRP Ledger for traditional fiat payments, potentially revolutionizing transaction efficiency. The collaboration marks a significant step toward integrating blockchain technology into mainstream finance.
The partnership will see WebBank, the issuer of the Gemini Credit Card, utilizing RLUSD to settle MasterCard transactions directly on the XRP Ledger. This move could establish one of the first real-world examples of a U.S. bank handling card settlements on a public blockchain using a regulated stablecoin. The XRP community anticipates that this will foster broader adoption of Ripple’s ecosystem assets, including XRP and RLUSD.
Ripple’s initiative is designed to showcase faster and cheaper settlements between merchants and issuers, without compromising compliance or transparency. By bringing blockchain speed and efficiency to the traditional payment system, Ripple hopes to set a new standard for financial transactions. The project is a crucial step in demonstrating the practical applications of stablecoins and blockchain technology in regulated financial environments.
As the crypto landscape evolves, Ripple’s focus on real-world applications and regulatory compliance positions it as a key player in the future of finance. While the XRP community eagerly awaits further announcements from Swell 2025, this partnership signals a bullish outlook for Ripple’s continued innovation and growth within the digital asset space.
Source: Original article
