Ripple and Mastercard Collaborate on Payment Modernization

Ripple, a prominent crypto payments company, has disclosed a major partnership with Mastercard. The collaboration focuses on investigating how the RLUSD stablecoin, operating on the XRP Ledger (XRPL), can be utilized to facilitate the settlement of fiat card transactions. This strategic alliance is designed to update existing payment infrastructure through the integration of blockchain technology with conventional banking operations, with the goal of delivering faster, more transparent, and fully compliant transaction processing. The initiative represents a significant step towards mainstream adoption of blockchain-based payment solutions.