Gemini, Mastercard Plan Deeper Crypto Integration for Payments
Crypto rewards on your credit card could soon be backed by a more integrated system, as Gemini teams up with Mastercard and Ripple to revolutionize how card transactions are settled.
The companies are exploring the use of RLUSD stablecoins on the XRPL blockchain to settle the fiat transactions behind everyday purchases.
This initiative, which includes card issuer WebBank, would directly support products like the Gemini Credit Card, which already offers rewards in cryptocurrencies like XRP and SOL.
“Through the Gemini Credit Card, we’re advancing the way that digital assets are integrated into everyday spending,” said Gemini CFO Dan Chen. The move aims to create a seamless loop from consumer spending to back-end settlement, all powered by blockchain technology.
