TLDR
- Gemini launched an XRP edition credit card offering up to 10% cashback in XRP on select purchases
- Card provides 4% back on gas/EV charging, 3% on dining, 2% on groceries, and 1% on general purchases
- Ripple’s RLUSD stablecoin now serves as base currency for all Gemini US spot trading pairs
- New users get $200 XRP bonus after spending $3,000 in first 90 days
- Move comes as Gemini prepares for public listing and expands globally with MiCA license in Malta
Gemini cryptocurrency exchange has launched an XRP edition of its credit card, targeting XRP supporters with cashback rewards paid directly in the digital asset. The card was unveiled on Monday, August 25, as part of a deeper partnership with Ripple.
The new credit card offers tiered rewards for different spending categories. Users earn 4% back in XRP on gas purchases, electric vehicle charging, and rideshare services. Dining purchases receive 3% cashback, while grocery shopping earns 2% back.
General purchases earn 1% cashback in XRP. Gemini has also secured special merchant partnerships that offer up to 10% back on select transactions, though specific merchants were not disclosed.
Enhanced Trading Integration
The partnership extends beyond the credit card to trading features on Gemini’s platform. Ripple’s RLUSD stablecoin now serves as a base currency for all spot trading pairs available to US users on the exchange.
This integration eliminates the need for additional currency conversions when trading. Users can seamlessly swap between RLUSD and other digital assets without facing extra conversion fees.
RLUSD launched in 2024 as a 1:1 backed US dollar stablecoin from Ripple. The stablecoin targets the growing digital payments market, which is forecast to reach trillions in value over the coming years.
Signup Incentives and Availability
New cardholders receive a $200 signup bonus paid in XRP. To qualify, users must sign up and spend $3,000 within the first 90 days of account opening.
The Gemini Credit Card operates across all 50 US states and Puerto Rico. It integrates with major digital payment platforms including Apple Pay, Google Pay, and Samsung Pay.
The card is issued through WebBank and operates on the Mastercard network. Gemini first launched its crypto credit card in 2022 in collaboration with Mastercard.
Tyler Winklevoss, Gemini’s co-founder, described the launch as giving “customers and the XRP Army more ways to earn XRP and show their loyalty.” His twin brother Cameron co-founded the exchange alongside him.
Ripple CEO Brad Garlinghouse said the partnership reflects crypto adoption in everyday spending. The collaboration allows people to engage with both XRP and RLUSD through daily purchases.
Company Expansion Plans
The announcement comes during a period of expansion for Gemini. The exchange recently secured a MiCA license in Malta to enter European markets and introduced trading for tokenized US stocks.
Gemini has filed for a public listing in the United States. Recent IPO documents revealed a $75 million credit facility from Ripple and a $282 million net loss in the first half of 2024.
Ripple has also announced plans to bring RLUSD to Japan through a partnership with SBI Group. The companies target a rollout in early 2026 for the Japanese market.
