The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the ongoing expansion of digital asset payment solutions, RedotPay has launched a new XRP-backed credit card across 100 countries. This Visa-branded card allows users to utilize XRP as collateral to secure credit lines at a 50% loan-to-value (LTV) ratio. According to reports, the initiative aims to provide liquidity to holders, enabling global spending via the Visa network using Ripple’s RLUSD stablecoin without requiring the sale of their underlying assets.
This launch arrives amid significant growth in stablecoin-powered payments, with analyst data showing card transaction volumes in this sector up 250% year-over-year. RedotPay is leveraging its base of over 8 million users to enhance the utility of XRP as financial collateral, bridging digital assets with traditional finance. The mechanism functions as a retail margin loan, where $1,000 of pledged XRP unlocks $500 in spending power, with transactions settled on the XRP Ledger.
Looking ahead, the price performance of XRP remains a critical factor for the sustainability of this product given its reliance on collateral value; however, specific price data is unavailable for this update (close July 23, 2026). On the macroeconomic front, traders are monitoring upcoming Michigan Consumer Sentiment and inflation expectations data from the US, which may influence broader risk appetite in digital asset markets and consumer spending trends.