Mastercard to Use Ripple’s XRP for its Blockchain Settlement?

April 19, 2020 Editor Ripple 0

  • MasterCard, leading global payment company has partnered with the blockchain software provider R3.
  • As per the latest tweet by a Ripple enthusiast, MasterCard is towards its progress with a payment flow of 235 trillion dollars.
  • A post shared by the Founder of North of South Capital LLP Matt Linsey that says the payment giant will use XRP for its blockchain settlement.

It has been seen that social media plays a key role in knowing about what’s going on in the digital currency market. The crypto enthusiasts dedicatedly monitor the news, announcements, and the bullish and bearish behavior of the market drifting around this platform.

MasterCard over R3

And thus, happened today with an announcement that flew in the social media platform Twitter saying the leading global payment company MasterCard has partnered with the blockchain software provider R3. Both entities will connect banks and payments infrastructures with the means of technology.

As per the latest tweet by a Ripple enthusiast, MasterCard is towards its progress with a payment flow of 235 trillion dollars.

The payment giant will use XRP for its blockchain settlement

A post shared by the Founder of North of South Capital LLP Matt Linsey that says the payment giant will use XRP for its blockchain settlement. This venture aims to add vital services to the customers by cutting down the processing costs.

Matt exposed there are significant applications that enabled Mastercards as a payment mode, such as Paym, Direct Debit, and many more, along with the prime supporting partners like Barclays, Google Pay, HSBC, etc.

Source: Twitter

With this announcement, many XRP lovers raised their curiosity on the platform to know more about this big news. To which, Matt responded by sharing the announcement post by Mastercard.

The partnership news was roared in the market last year, September 11, 2019, in the Mastercard platform that notified the blockchain-enabled model is going to support banks to deliver a frictionless real-time payment proposal. However, Mastercard stated that it would be the network operator to process and settle overseas payments.