TechFlow news, November 6 — According to The Block, Mastercard is collaborating with Ripple and Gemini to explore using the RLUSD stablecoin on the XRPL blockchain for settling fiat card transactions. This partnership would be among the first cases where a regulated U.S. bank uses a public blockchain and a regulated stablecoin to settle traditional card transactions.
Gemini has launched an XRP-based credit card issued through WebBank and plans to participate in the RLUSD settlement program. Additionally, Mastercard recently partnered with Chainlink to enable consumers to directly convert fiat to cryptocurrency on-chain, and reached an agreement with Humanity Protocol to provide users with credit and lending services based on open finance technology.
