Mastercard Joins Forces with XRP Ledger Foundation Ahead of Swell Conference

The XRP Ledger Foundation has announced that Mastercard will be a sponsor of the upcoming XRP Ledger Hackathon, which takes place from October 24-25. This event is a prelude to the Ripple Swell conference, scheduled for October 27-29.

Mastercard's involvement in the hackathon comes after it expanded its relationship with the broader Ripple ecosystem and other crypto giants earlier this year. In June, Mastercard took a step further by integrating blockchain technology with new support assets like RLUSD, Ripple's stablecoin, and Circle's USDC.

Meanwhile, 21Shares has changed how it prices the underlying token for its XRP ETF (TOXR). The company will now use the FTSE XRP Index instead of the CME Group. Additionally, the sponsor will be paid in XRP once every three months instead of weekly.