Ripple is collaborating with major financial players, including Mastercard, WebBank, and Gemini, to test the settlement of its stablecoin, RLUSD, on the XRP Ledger. This initiative aims to modernize payments made with fiat cards.
The partnership focuses on enabling a more streamlined and efficient process for settling transactions that originate from fiat card payments. By leveraging the XRP Ledger, Ripple seeks to introduce innovative solutions to the existing payment infrastructure.