Ripple recently made significant announcements that could have substantially boosted XRP Coin’s price, had Bitcoin’s value been more favorable. These announcements involve a half-billion-dollar investment pushing the company’s valuation to forty billion dollars, along with the news of a partnership with Mastercard.
Ripple and Mastercard Collaboration
Numerous new projects have emerged over the years in the payment services industry, resulting in ambitious partnerships. Ripple, despite facing challenges from the SEC lawsuit, has focused on achieving this goal. The lawsuit’s conclusion, coupled with efforts to make the U.S. the crypto capital, has paved the way for the company.
Accelerating its efforts, Ripple has now surpassed one billion dollars in circulating supply for its stablecoin, RLUSD. The company announced that RLUSD will be used on the XRP Ledger to improve fiat-based payment processing with the Gemini Credit Card.
This new service, initiated in collaboration with Mastercard, WebBank, and Gemini, expands the use cases of the XRPL network while showcasing its tangible benefits.
Sherri Haymond, Mastercard’s Global Head of Digital Commercialization, stated, “Thanks to our partnerships with Ripple, Gemini, and WebBank, we are bringing regulated, open-loop stablecoin payments into the financial mainstream using our global payment network.”
Visa and Mastercard, covering 80% of their segment in the global payment infrastructure, are intensely competing in the crypto space. This trend contrasts with the past where promises held sway; now facts dominate, akin to the dot-com bubble where narratives sold.
A First in Its Field
This partnership stands out as a pioneering venture in using a regulated stablecoin (RLUSD) on a public blockchain (XPRL) for traditional card transactions. Expanding the project initiated with the Gemini Credit Card signifies an important step in integrating crypto into traditional payment programs.
Jason Lloyd, President and CEO of WebBank, explained, “Banks are uniquely positioned to combine innovative blockchain technology with the stability of the traditional financial system.”
Ripple Swell 2025 event has indeed surprised investors with its announcements. Although market charts haven’t fully reflected this positivity, an overall market sentiment improvement could change that, as XRP Coin attempts to reclaim the $2.3 support level.