XRP News Today: Gemini and Ripple Launch XRP Credit Card Offering Up to 10% Back on Purchases

Gemini, one of the leading digital asset exchanges in the United States, has launched a new XRP credit card in partnership with Ripple, marking a significant step in integrating cryptocurrency into everyday spending. The card allows U.S. cardholders to earn up to 4% in XRP on gas, EV charging, and rideshare purchases, with decreasing but still substantial returns on dining, groceries, and other spending categories [1]. In addition to these rewards, select merchants offer users the opportunity to earn up to 10% back on qualifying purchases through the Gemini app [1].

Alongside the card, Gemini is expanding access to RLUSD, Ripple’s USD-backed stablecoin, by making it a base currency for all U.S. spot trading pairs. This move allows users to trade directly with RLUSD without incurring conversion fees, enhancing its utility and accessibility [1]. RLUSD, currently with a $640 million market cap, ranks among the top six USD-pegged stablecoins [1].

The XRP credit card is issued under the Mastercard World Elite program by WebBank, is available to U.S. residents, and does not carry an annual fee. New users who spend $3,000 within the first 90 days receive a $200 bonus in XRP [1]. According to Gemini, users who chose to receive XRP rewards between October 2021 and July 2025 and held them for at least one year saw their value rise by over 450% [1].

Tyler Winklevoss, Gemini’s CEO, stated the card represents a “bridge to the future of finance,” while Ripple CEO Brad Garlinghouse emphasized that the partnership aims to make “everyday spending a chance to earn and connect with both XRP and RLUSD” [1]. The collaboration between the two firms is also financially significant, with Ripple providing Gemini a $75 million credit line, potentially expandable to $150 million, with RLUSD available as a borrowing option [1].

This initiative reflects a broader trend of crypto-native products designed to bring digital assets into mainstream financial behavior. Gemini, however, is navigating a challenging financial landscape, reporting a net loss of $282.5 million in the first half of 2025, a sharp increase from $41.4 million in the same period of 2024. The firm filed for an IPO on August 16, 2025, under the ticker “GEMI,” aiming to become the third U.S. crypto exchange to go public after Coinbase and Bullish [1].

By offering real-time XRP rewards, Gemini and Ripple are making crypto more approachable and increasing the utility of XRP and RLUSD for everyday users. The move also aligns with Ripple’s broader efforts to expand the adoption of XRP in institutional settings, with companies like Société Générale–Forge and Guggenheim Treasury Services already integrating the XRP Ledger for fast, low-cost transactions [1].

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/)