Mastercard, Ripple, and Gemini explore using XRPL stablecoin to settle bank card transactions.

PANews reported on November 6th that, according to The Block, Mastercard, in partnership with Gemini and Ripple, is testing the settlement of fiat bank card transactions using the regulated stablecoin RLUSD on XRPL; WebBank, as the issuer of the Gemini credit card, is also participating. This collaboration is described as an early example of a US regulated bank settling traditional card transactions on a public blockchain using a regulated stablecoin. Gemini has already launched an XRP version of its credit card and last month launched a Solana version (offering up to 4% SOL cashback). Mastercard recently partnered with Chainlink to support on-chain fiat-to-crypto payments and also reached an agreement with Humanity Protocol to open up financial access to credit and financial services.

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