Ripple Partners with Mastercard to Enhance Fiat Currency Payments with RLUSD

Ripple, the cryptocurrency company, announced on the 5th its partnership with Mastercard, WebBank, and Gemini. The collaboration aims to enhance fiat currency-based payment processing for the Gemini Credit Card using Ripple's stablecoin, RLUSD.

This initiative seeks to enable a blockchain-based payment process using RLUSD on the XRPL between Mastercard and WebBank, the issuing bank for the Gemini Credit Card.

If realized, this would mark the first instance of a regulated U.S. bank using a regulated stablecoin on a public blockchain for traditional card transactions...