XRP News Today: Gemini Launches XRP Rewards Credit Card with Up to 4% Earnings for U.S. Users

Gemini has launched a Visa-like XRP credit card in partnership with Ripple, offering U.S. customers the chance to earn up to 4% in XRP on everyday spending. The limited-edition card, issued under the Mastercard World Elite program by WebBank, is available now to U.S. residents with no annual fee. The product is positioned as one of the most accessible crypto reward cards in the market, allowing users to earn rewards instantly without waiting periods [1].

The new card is part of a broader collaboration between Gemini and Ripple, following Ripple’s recent financial support for Gemini’s initial public offering (IPO) plans. This partnership not only enhances XRP’s role in payments but also expands access to Ripple’s RLUSD stablecoin, which is now available for U.S. spot trading on Gemini. RLUSD, a USD-backed stablecoin, has a market capitalization exceeding $640 million, placing it among the top six dollar-pegged tokens [1].

The reward structure is designed to appeal to a wide range of consumers. Cardholders earn 4% back in XRP on gas, EV charging, and rideshare; 3% on dining; 2% on groceries; and 1% on all other purchases. New users who spend $3,000 within the first 90 days receive a $200 bonus in XRP. Additionally, Gemini is working with select merchants to offer up to 10% back on qualifying purchases, further increasing the potential for rewards [1].

Gemini emphasized that XRP has historically been one of the most lucrative reward options among its credit card offerings. Between October 2021 and July 2025, users who selected XRP as their rewards currency and held it for at least one year saw their returns increase by over 450% [1]. This performance has led to optimism among both companies that the card will resonate strongly with XRP enthusiasts and the broader crypto community.

The launch is part of Gemini’s broader strategy to bridge traditional finance and cryptocurrency. Tyler Winklevoss, co-founder and CEO of Gemini, described the credit card as a “bridge to the future of finance.” Ripple’s CEO, Brad Garlinghouse, added that the product represents a step toward making crypto simple and approachable for everyday users, noting that 55 million Americans already own crypto [1].

XRP remains one of the largest cryptocurrencies by market capitalization and is widely used for payments and cross-border transactions through the XRP Ledger (XRPL), which supports fast and low-cost transactions. The XRPL is already being integrated into financial services globally by institutions such as Société Générale–Forge, Guggenheim Treasury Services, and Brazil’s Braza Bank [1].

Ripple has also provided a $75 million credit line to Gemini, which could increase to $150 million, as part of its support for Gemini’s IPO. The funding includes the use of Ripple’s RLUSD stablecoin as a borrowing option, positioning it in a market dominated by USDT and USDC. Gemini filed for an IPO on Nasdaq under the ticker “GEMI” on August 16, aiming to become the third U.S. crypto exchange to go public, following Coinbase and Bullish [1].

Despite the strategic benefits, Gemini’s financial situation remains challenging. The firm reported a $282.5 million net loss in the first half of 2025, compared to a $41.4 million loss in the same period the previous year. Revenue dropped to $67.9 million, and cash reserves fell to $161.9 million from $341.5 million at the end of 2024 [1].

The XRP credit card reflects the growing trend of crypto-native products that aim to integrate digital assets into everyday financial behavior. By offering real-time, tangible rewards in a popular cryptocurrency, Gemini and Ripple are attempting to lower barriers to entry for mainstream users while expanding the utility of XRP and RLUSD.

Source: [1] Gemini Launches Visa-like $XRP Credit Card with Crypto Rewards (https://cryptonews.com/news/gemini-launches-visa-like-xrp-credit-card-with-crypto-rewards/)