A Card Network represents the operational infrastructure that processes credit and debit card transactions between merchants and card-issuing banks. These networks establish the rules, standards, and technology for payment processing, ensuring secure and efficient movement of funds. Major card networks facilitate global commerce by connecting diverse financial institutions and payment systems. They are critical components of the traditional financial ecosystem.
Context
In the context of digital assets, card networks are a subject of ongoing discussion regarding their integration with cryptocurrency payments. News often covers partnerships between crypto platforms and traditional card networks to enable spending digital assets in everyday transactions. The primary focus involves balancing the decentralized nature of crypto with the established regulatory and operational requirements of conventional payment systems.
Integrating a regulated stablecoin on the XRP Ledger accelerates card transaction settlement from days to seconds, radically improving working capital efficiency for issuers and merchants.
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