{"id":90708,"date":"2025-11-06T10:21:18","date_gmt":"2025-11-06T07:21:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90708"},"modified":"2025-11-06T10:25:18","modified_gmt":"2025-11-06T07:25:18","slug":"mastercard-gemini-and-ripple-to-test-stablecoin-rlusd-card-payments","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mastercard-gemini-and-ripple-to-test-stablecoin-rlusd-card-payments\/","title":{"rendered":"Mastercard, Gemini, and Ripple to Test Stablecoin RLUSD Card Payments"},"content":{"rendered":"

Payment giant Mastercard, in collaboration with Gemini and Ripple, will test<\/a> card payments using the stablecoin<\/a> RLUSD on the distributed XRP Ledger (XRPL), according to company representatives.<\/p>\n

The initiative also involves WebBank, the issuer of the Gemini credit card. Once implemented, this will be one of the first instances where a regulated American bank conducts traditional card settlements using a stablecoin on a public blockchain.<\/p>\n

Cryptocurrency platforms are eager to boost transaction revenue and attract new customers through cards for everyday purchases. Gemini already offers an XRP-version credit card, issued by WebBank. Previously, the company also launched<\/a> a “Solana version” of the card with up to 4% cashback in SOL tokens.<\/p>\n

\n

\u201cWith the Gemini credit card, we are enhancing the way digital assets are integrated into everyday spending,\u201d said Gemini CFO Dan Chen.<\/em><\/p>\n<\/blockquote>\n

XRP Ledger (XRPL) is an open-source blockchain used to enhance payment capabilities. Ripple is its main developer.\u00a0<\/p>\n

Gemini and the Prediction Market<\/h2>\n

The Winklevoss-led exchange is also preparing to launch prediction markets, reports Bloomberg<\/a>, citing its own sources. The company aims to launch products “as soon as possible.”\u00a0<\/p>\n

To achieve this, Gemini may utilize its own derivatives exchange. In May, it applied to the U.S. Commodity Futures Trading Commission (CFTC) for the necessary license, but a decision is still pending.<\/p>\n

This move places the platform in direct competition with players like Kalshi and Polymarket<\/a>. The largest U.S. crypto exchange, Coinbase, also plans to expand in this area. Traditional platforms, including Intercontinental Exchange, are showing interest in prediction markets.<\/p>\n

Prediction markets still face significant regulatory uncertainty. While the CFTC has permitted some platforms to operate, state gambling regulators are challenging this in court. The approval process for a new license from the regulator could also take months or years.<\/p>\n

Back in November 5, Ripple announced<\/a> securing $500 million in strategic investments at a $40 billion valuation from major institutional players.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mastercard, in partnership with Gemini and Ripple, will test card payments using the stablecoin RLUSD on the XRP Ledger.<\/p>\n","protected":false},"author":1,"featured_media":90709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Mastercard, Gemini, and Ripple to test RLUSD card payments on XRP Ledger.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[719,70,112,807],"class_list":["post-90708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-gemini","tag-mastercard","tag-ripple","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"151","promo_type":"1","layout_type":"1","short_excerpt":"Mastercard, Gemini, and Ripple to test RLUSD card payments on XRP Ledger.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90708"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90708\/revisions"}],"predecessor-version":[{"id":90710,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90708\/revisions\/90710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90709"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}