RedotPay has introduced a new payment card that allows users to spend XRP-backed credit globally across the Visa network, integrating Ripple’s RLUSD stablecoin as a settlement layer. This move aims to enhance the real-world utility of the XRP Ledger (XRPL) and provide digital asset holders with expanded spending options.
How the XRP-backed card works
The card enables users to pledge their XRP holdings as collateral, unlocking a credit line at a 50% loan-to-value (LTV) ratio. Instead of selling their crypto, users can access liquidity while continuing to benefit from any future growth in XRP’s value. The loan is settled in RLUSD, Ripple’s stablecoin, directly on the XRPL, and the funds become immediately available for use at any merchant worldwide that accepts Visa cards.
For those looking to retain exposure to XRP, this approach removes the need to liquidate tokens for day-to-day spending, offering flexibility for both long-term holders and regular users.
RLUSD operates as the bridge between blockchain and traditional payment networks. By leveraging XRPL’s speed and low cost, RLUSD allows rapid, efficient settlement for each transaction made using the card.
Mini dictionary: RLUSD is Ripple’s stablecoin issued on the XRP Ledger, designed for low-cost, fast settlement within blockchain-based financial networks.
| Feature | RedotPay XRP Card | Traditional Credit Card |
|---|---|---|
| Collateral | XRP pledged at 50% LTV | No crypto collateral |
| Settlement Currency | RLUSD (stablecoin) on XRPL | National fiat (USD, EUR, etc.) |
| Network | Visa | Visa |
| Global Acceptance | Yes | Yes |
Growing demand for stablecoin payments
RedotPay, a fintech platform serving over 8 million users in more than 100 countries with $12 billion in annual payment volume, reported a surge in stablecoin-powered card transactions this year. The company stated that transaction volume has increased 80% since January and 250% compared with the previous year. This data highlights the gathering pace of stablecoin adoption for real-world payments.
Odelia Torteman, Head of Digital Assets at XRPL Commons, and Taylor Bossung, RedotPay’s Head of Corporate Affairs, discussed how the new XRP Card offers an opportunity for users to unlock spending power through crypto-backed collateral. They also noted the broader financial shift as on-chain lending and blockchain-powered remittances gain momentum in global markets.
Odelia Torteman and Taylor Bossung emphasized that the XRP Card enables holders to maintain their cryptocurrency positions while tapping into everyday spending, reflecting a significant step forward in linking digital assets to real-world payments.
Expanding the XRP ecosystem
RedotPay continues to grow its footprint within the XRP ecosystem. In May, the company delivered expanded XRP payment features to millions of users. The platform previously worked with Ripple to boost XRP-powered remittances throughout Africa, aiming to accelerate crypto-to-fiat transfers and make cross-border payments more efficient.
The recent initiatives signal a broader shift for the XRP Ledger, positioning it as more than just a tool for international transfers. Through advances in stablecoin settlements, tokenized lending, and integration with major card networks, XRPL is becoming foundational infrastructure for both digital and everyday commerce—including the emerging field of AI-driven payments where autonomous agents handle transactions.
By combining RLUSD, XRP-collateralized credit, and Visa’s global reach, RedotPay is building a comprehensive bridge between blockchain and traditional finance, driving innovation in payment systems.
