Ripple & Mastercard Forge Game-Changing Alliance: XRP Ledger to Revolutionize Global Payments

Breaking: Two financial giants shake hands—Ripple's blockchain tech just got Mastercard's stamp of approval.

XRP Ledger goes mainstream

No more waiting days for cross-border settlements. The partnership slashes transaction times to seconds while cutting costs—banks won't like this one bit. Mastercard's 2.8 billion users could soon tap into decentralized liquidity without even knowing it.

The fine print? Watch how fast legacy systems start 'innovating' now that real competition's on the field. (Funny how that works.)

Ripple Collaborates With Mastercard To Modernize Card Payments 

In a Press Release published on November 5, Ripple announced that it would be working closely with Mastercard, WebBank, and Gemini to use RLUSD on the XRP Ledger to process transactions for the Gemini Credit Card. This will allow a regulated stablecoin to handle blockchain-based settlements between Mastercard’s global network and WebBank, the issuer of the Gemini Credit Card. 

This project marks one of the first times a US-regulated bank will settle traditional card transactions using a public blockchain and stablecoin. The effort builds on Ripple’s ongoing work with Gemini and WebBank. Earlier this year, they launched an XRP edition of the Gemini Credit Card, serving as a model for integrating digital assets with traditional payments. 

According to the Press Release, Sherri Haymond, Global Head of Digital Commercialization at Mastercard, acknowledged the collaboration with Ripple, emphasizing that it will bring regulated stablecoin open-loop payments into the financial mainstream. Jason Lloyd, President and CEO of WebBank, said that the partnership will enable banks to bridge blockchain technology with the stability of the traditional financial system. He also added that the alliance will make institutional payments faster and more efficient, while preserving the security and reliability that customers expect from conventional banks. 

Furthermore, Dan Chen, the Chief Financial Officer (CFO) at Gemini, noted that the next phase of the collaboration will connect blockchain innovation with real-world consumer payments through stablecoin settlement. He also stated that it will advance the way digital assets are used in everyday spending. 

XRP Ledger And RLUSD To Build The Future Of Payments 

Ripple also highlighted the broader impact of the partnership between Mastercard, Gemini, and WebBank on financial institutions. Monica Long, the President of Ripple, stated that the collaboration demonstrates how regulated digital assets, such as RLUSD, can enhance settlement processes and pave the way for other card programs to adopt stablecoins. She explained that the XRP Ledger will serve as the backbone for this and other institutional use cases. 

Notably, XRPL will provide a trusted foundation for the new project, offering fast processing, low costs, and over a decade of reliable performance. Meanwhile, RLUSD, which has grown to exceed $1 billion in market capitalization since its launch in late 2024, will enable seamless digital payments while enhancing liquidity. 

Ripple has stated that in the coming months, the partners will begin onboarding RLUSD on XRPL, pending regulatory approvals. Simultaneously, they will be planning to integrate it into Mastercard and WebBank’s existing settlement systems.