XRP News Today: Gemini Launches XRP Credit Card Offering Up to 4% Cashback in Cryptocurrency

Gemini has launched the XRP credit card, a rewards-based offering designed to incentivize spending among XRP holders by returning cashback in the cryptocurrency. The card, issued by WebBank and supported by Mastercard’s World Elite program, offers up to 4% cashback on gas, EV charging, and public transport, with lower but still competitive rates across dining, groceries, and other categories [1]. Rewards are credited in XRP and distributed to a linked Gemini account, with the value determined by the market price at the time of payout [2].

The product is structured to appeal to individuals who hold XRP and seek to increase exposure through daily spending. By channeling rewards directly into the asset, Gemini aims to bridge traditional financial tools with digital currency strategies [2]. The firm emphasized that the card responds to strong community interest and the asset’s performance, positioning it as a way to convert routine expenses into crypto gains [3]. A historical example cited in the reporting shows $73,700 in rewards growing to $407,000 for some XRP holders, illustrating the potential value of long-term accumulation [1].

Despite its strategic alignment with XRP community goals, the card has drawn mixed reactions. Some users view it as a symbolic branding effort rather than a product innovation, noting that the rewards structure mirrors conventional cashback cards but with the added complexity of crypto volatility [3]. Others argue that the offering lacks the innovation seen in other crypto credit products, such as those that integrate DeFi protocols or offer native token-based rewards. Analysts have pointed out that while the 4% cashback is a compelling feature, it may not be enough to differentiate the card in a competitive market where users increasingly expect more dynamic financial tools [1].

The absence of advanced features—such as real-time crypto conversion or direct blockchain transaction capabilities—has also raised questions about the card’s long-term utility [1]. These omissions may limit its appeal beyond a niche audience of active XRP holders who are already comfortable with the volatility and technical aspects of crypto. The timing of the launch, during a period of moderate XRP price movement, further complicates market perceptions, with some traders speculating that the product may gain traction if the token’s price experiences renewed momentum [3].

In conclusion, the Gemini XRP credit card represents a step toward broader adoption of XRP as a utility asset, particularly among those who favor practical integration of crypto into daily financial activity. While it offers a clear value proposition for a specific segment of the market, its long-term success will depend on user adoption, marketing effectiveness, and whether Gemini can evolve the product to incorporate more advanced features in the future [2].

Source:

[1] https://www.coinlive.com/en/news-flash/878185

[2] https://www.ainvest.com/news/dogecoin-news-today-traders-split-margex-high-leverage-high-risk-2508/

[3] https://www.bitget.com/price/ripple/price-prediction