BREAKING: Critical Development for Ripple (XRP) – They Announced a Partnership with Mastercard
Ripple (XRP) announced a collaboration with Mastercard, WebBank, and Gemini at the Swell 2025 event to integrate blockchain-based payment processing for fiat card transactions. The initiative will use Ripple USD (RLUSD) stablecoin on the XRPL (XRP Ledger) to enable regulated stablecoin payments between Mastercard and WebBank, marking the first use of a U.S.-regulated bank settling traditional card payments via a stablecoin on a public blockchain. Key stakeholders highlighted the project’s potential to increase efficiency, security, and compliance in financial systems, with Ripple President Monica Long emphasizing its role in modernizing payments on a global scale.
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Ripple Unveils Collaboration at Swell 2025
Ripple (XRP) announced a groundbreaking collaboration during the Swell 2025 event. This initiative aims to unite the worlds of traditional finance and cryptocurrency. The company will launch a blockchain-based payment processing system for fiat card transactions using the Ripple USD (RLUSD) stablecoin on XRPL (XRP Ledger), in partnership with Mastercard, WebBank, and Gemini.
The Role of Ripple USD Stablecoin in Payment Settlement
This initiative will enable blockchain-based payment settlement between Mastercard and WebBank, operating on RLUSD's XRPL platform. WebBank, as the issuer of the Gemini Credit Card, will play a central role in this process. By leveraging the Ripple USD stablecoin, the partnership aims to enhance transactional efficiency and bring blockchain technology into mainstream financial systems.
Mastercard's Vision for Regulated Stablecoin Payments
Sherri Haymond, Global Head of Digital Commercialization at Mastercard, highlighted the purpose of the partnership:
“Through our partnership with Ripple, Gemini, and WebBank, we are bringing regulated stablecoin payments into the financial mainstream using our global payment network. We are delivering real payment solutions today while exploring the future use cases of stablecoins, with strong consumer protections and full regulatory compliance.”
Historic Milestone in U.S. Banking
According to a press release, this move will be a historic milestone, marking the first time a U.S.-regulated bank has settled traditional card payments via a stablecoin on a public blockchain. This advancement reflects the growing acceptance of blockchain-based solutions within the regulated financial space.
Efficient Corporate Payments Highlighted by WebBank
Jason Lloyd, President and CEO of WebBank, emphasized the benefits of stablecoin integration:
“This collaboration with Mastercard, Gemini, and Ripple demonstrates the potential of stablecoins like RLUSD to make corporate payments faster and more efficient. At the same time, we maintain the security and stability expected from banks.”
Gemini's Role in the Transformation
Dan Chen, CFO of Gemini, highlighted the importance of the Gemini Credit Card in this transformation:
“We've demonstrated how digital assets can be integrated into everyday spending through the Gemini Credit Card. Now we're proving how stablecoin settlement can be implemented in an active card program.”
A New Era for Financial Institutions
Monica Long, President of Ripple, discussed the broader implications of this partnership:
“Financial institutions around the world are realizing that blockchain and stablecoins are key to modernizing money transfers. Regulated digital assets like RLUSD offer compliant and secure payment solutions while streamlining settlement processes.” Ripple's public blockchain network, XRPL, will provide the technical infrastructure for the collaboration with its low-cost, fast, and reliable transaction capacity.
Disclaimer
This is not investment advice.