XRP News Today: Gemini launches XRP credit card with up to 4% cashback in crypto

Gemini has officially launched the XRP-powered credit card, providing XRP holders with a new avenue to engage with the cryptocurrency in everyday transactions. The card, issued by WebBank and backed by Gemini in partnership with Mastercard, offers cashback rewards directly in XRP, with rates varying by category. Users can earn up to 4% back on purchases such as fuel, electric vehicle charging, and transit, while dining and grocery spending yield 3% and 2% respectively. All other transactions provide 1% cashback, with rewards deposited instantly and in XRP [1]. The card is a limited-edition metal design, emphasizing its exclusivity and appeal to XRP enthusiasts [2].

The launch of the XRP Edition card follows months of speculation and strategic teasers from Gemini, including a prominent billboard in Manhattan encouraging the community to “get ready for August 25” [3]. This move is the first time XRP has returned to the Gemini platform since the resolution of the SEC lawsuit, signaling a renewed commitment to supporting the asset’s utility and adoption [4]. The product reinforces XRP’s role in both institutional and retail finance, particularly in the payments sector, where the token has long been associated with cross-border liquidity solutions [1].

Beyond the consumer-facing product, Gemini and Ripple have deepened their strategic partnership. Ripple provided Gemini with a $75 million credit line, with the potential to increase to $150 million, to support its anticipated IPO on NASDAQ. This funding may also involve Ripple’s stablecoin, RLUSD, which is now available on Gemini [5]. The collaboration aligns with both companies' regulatory progress, including Gemini’s recent MiCA license in Malta and Ripple’s ongoing compliance efforts in the European Union [6]. The broader partnership highlights a mutual interest in expanding XRP’s use cases and reinforcing its position in the evolving crypto ecosystem.

The XRP credit card represents a strategic bridge between traditional finance and digital assets. By enabling users to earn XRP through everyday spending, the card enhances the token’s real-world utility, potentially increasing demand and reinforcing its narrative as a versatile payment asset. For XRP holders, this is a significant development that could strengthen the asset’s market presence and long-term value [4].

As Gemini moves forward with its IPO plans, the XRP card serves as a key component of its broader strategy to attract both retail and institutional investors. Despite reporting a $282 million net loss in the first half of 2025, the company continues to invest in products that align with the future of digital finance [5]. The market will be watching closely to gauge how XRP holders respond to the new reward mechanism, with the launch marking a pivotal step in the token’s journey toward greater mainstream acceptance.

Source:

[1] The Crypto Basic (https://thecryptobasic.com/2025/08/25/gemini-officially-launches-xrp-credit-card-in-partnership-with-ripple-and-mastercard/)

[2] AInvest (https://www.ainvest.com/news/xrp-news-today-gemini-unveils-xrp-credit-card-era-crypto-utility-2508/)

[3] Times Tabloid (https://timestabloid.com/gemini-launches-xrp-credit-card-heres-why-this-is-big-news-for-xrp-holders/)

[4] AInvest (https://www.ainvest.com/news/xrp-news-today-gemini-bets-xrp-bridge-crypto-mainstream-finance-2508/)

[5] CoinCentral (https://coincentral.com/expert-breaks-down-ripple-and-gemini-deal-amid-xrp-card-launch/)

[6] U.Today (https://u.today/inside-ripple-gemini-developments-community-opinion)