Gemini

Long

Ripple (XRP) announced a significant collaboration at the Swell 2025 event that will unite the worlds of traditional finance and cryptocurrency.
The company plans to launch blockchain-based payment processing for fiat card transactions using the Ripple USD (RLUSD) stablecoin on XRPL (XRP Ledger), along with Mastercard, WebBank, and Gemini.
This initiative aims to 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 be central to this process.
Sherri Haymond, Global Head of Digital Commercialization at Mastercard, summarized the purpose of the partnership:
<blockquote>
 “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.”
</blockquote>
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According to a press release, this move will mark a historic milestone as it marks the first time a U.S.-regulated bank has settled traditional card payments via a stablecoin on a public blockchain.
Jason Lloyd, President and CEO of WebBank, noted that stablecoin integration will increase efficiency in the financial system:
<blockquote>
 “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.”
</blockquote>
Gemini CFO Dan Chen argued that the Gemini Credit Card played a key role in this transformation:
<blockquote>
 “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.”
</blockquote>
Ripple President Monica Long stated that this partnership will set an example for financial institutions:
<blockquote>
 “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.”
</blockquote>
Ripple's public blockchain network, XRPL, will form the technical infrastructure of this collaboration with its low-cost, fast and reliable transaction capacity.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-critical-development-for-ripple-xrp-they-announced-a-partnership-with-mastercard/" rel="noopener noreferrer nofollow">BREAKING: Critical Development for Ripple (XRP) – They Announced a Partnership with Mastercard</a>

BREAKING: Critical Development for Ripple (XRP) – They Announced a Partnership with Mastercard

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Other articles published on Nov 5, 2025

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