Ripple and Gemini have come together to launch an XRP edition of the Gemini Credit Card in August 2025. This is expected to give users a new way to earn crypto rewards in daily life.
The card is issued by WebBank, just like Gemini’s other cashback cards, but this one is made only for the XRP community.
The card allows holders to earn up to 4% back in XRP when they spend on gas, electric car charging, or rideshare trips. They can earn 3% when dining at a restaurant, grocery shopping gives 2%, and all other spending still earns 1% back.
Gemini also said it will work with some merchants to offer as much as 10% back in XRP on certain purchases.
Tyler Winklevoss, the co-founder and CEO of Gemini, said this is designed to make the XRP community feel valued. “We’re giving customers and the XRP Army new ways to earn XRP and express their passion, loyalty, and excitement,” Winklevoss said in the official statement.
Along with the credit card, Gemini is also increasing the use of Ripple USD (RLUSD), Ripple’s U.S.-backed stablecoin currently has a market size of $680 million.
Ripple USD Added for Trading
RLUSD can now be used as a base currency for all spot trading pairs on Gemini’s U.S. exchange. This means people can trade between RLUSD and other digital coins directly without needing extra steps or fees.
Ripple CEO Brad Garlinghouse explained why this matters: “Fifty-five million Americans own crypto and that number is only increasing as more people look for easier ways to access and use it in their daily lives. With Gemini, we’re making everyday spending a chance to earn and connect with both XRP and RLUSD.”
Gemini Expands Amid IPO Plans
Meanwhile, this is not the first time Ripple and Gemini have worked together. Just earlier this month, Ripple gave Gemini financial support as it worked on plans to go public. Ripple provided a $75 million credit line, and Gemini can also request loans of between $5 million and $150 million as long as they are backed by collateral, according to the firms.
Moreover, Gemini has been growing quickly this year. The company filed its S-1 form with the U.S. Securities and Exchange Commission to start the process of becoming a public company.
It also got a MiCA license in Malta to grow in Europe. In June, Gemini even began offering tokenized U.S. stock trading. However, IPO filings also showed Gemini faced a $282 million net loss in the first six months of the year.
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