Mastercard, Ripple, and WebBank Test On-Chain Credit Card Settlement

A new pilot program by Mastercard, Ripple, and WebBank aims to streamline credit card settlement using Ripple’s RLUSD stablecoin on the XRP Ledger. This controlled test seeks to explore faster and more efficient clearing processes for transactions between financial institutions. The initiative leverages the established regulatory environment of banks like WebBank, who will serve as a pilot counterparty, alongside Ripple’s RLUSD stablecoin and the XRP Ledger’s robust payment infrastructure.