Gemini, Ripple, and WebBank have announced the launch of an XRP-branded Mastercard scheduled for August 25, 2025. This initiative follows Ripple's recent legal victory.
Launch of XRP-branded Mastercard
On August 17, 2025, Gemini, Ripple, and WebBank announced the upcoming launch of an XRP-branded Mastercard in New York City. This initiative arose from Ripple’s recent legal victory, which has significantly influenced the market dynamics for XRP.
Funding and Market Impact
The involved parties, including Gemini and Ripple, raised $75 million to support the card launch. This development marks an important turning point for Gemini, which initially avoided listing XRP due to regulatory concerns. Following the announcement, XRP's price surged over 8%, reaching $3.04.
Future of XRP in Finance
The launch of the XRP-branded Mastercard signifies a pivotal moment for integrating XRP into mainstream finance. This is expected to enhance the utility of digital assets and increase the acceptance of cryptocurrency payment solutions. The project’s success also highlights shifts in regulatory acceptance of cryptocurrencies.
The launch of the XRP-branded Mastercard and the $75 million funding represent significant steps toward the mainstream use of XRP. Initial reactions suggest strong institutional support and the likelihood of increased user adoption of digital currencies.
