XRP News Today: Gemini Unveils XRP Credit Card: A New Era of Crypto Utility

Gemini has announced the launch of an XRP-powered credit card, marking a significant step in the integration of cryptocurrency into everyday financial transactions. The card, issued by WebBank and accepted anywhere MasterCard is accepted, will allow users to transact using XRP, a digital asset primarily associated with cross-border payments. The new product, teased through a large billboard in Manhattan and promoted via Gemini’s official social media channels, is set to debut on August 25, 2025. Gemini’s XRP credit card will offer a 4% cashback reward for purchases made with XRP, accessible to both existing and new customers [2].

This move reflects a shift in Gemini’s position toward XRP, a position that had previously been cautious due to regulatory concerns. The exchange had postponed the listing of XRP in the past due to the legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC). However, in 2025, the legal battle reached a resolution with a $50 million settlement, allowing Gemini to relist XRP on its platform [1]. The company has since expanded its support for the asset, including a $75 million credit line from Ripple, which can be increased to $150 million and is backed by Ripple’s RLUSD stablecoin [2].

The new XRP credit card is part of Gemini’s broader strategy to attract and retain users in the rapidly evolving crypto market. The platform has also introduced an XRP rewards program, offering varying levels of cashback for different types of purchases. This initiative aligns with Gemini’s efforts to increase the utility of XRP and promote its adoption among everyday users. The company’s co-founders, Tyler and Cameron Winklevoss, have been vocal in their support for the card, despite facing criticism from Bitcoin maximalists who view XRP as a centralized asset [2].

The launch has generated mixed reactions within the crypto community. While some XRP holders are enthusiastic about the potential for earning rewards while using their digital assets, others remain skeptical about its impact on the broader market. Additionally, concerns have been raised regarding the volatility of XRP, which recently dipped below $3 after hitting a $3.65 all-time high earlier in the month. Despite this, the asset has maintained significant trading volume, with over $5 billion in daily transactions [1].

Beyond the U.S., Ripple continues to expand its XRP-related initiatives globally. In Europe, the company’s technology is being integrated with regional payment systems, including the SEPA Instant Credit Transfer and the UK’s Faster Payments Service. These developments are part of Ripple’s broader effort to facilitate faster and more cost-effective cross-border transactions. Meanwhile, in Japan, Ripple is preparing to launch its RLUSD stablecoin through SBI VC Trade, a subsidiary of SBI Holdings, in the first quarter of 2026. The stablecoin, which is backed by U.S. dollar assets and subject to monthly audits, has already achieved a market cap of $666 million, placing it among the world’s top ten stablecoins [3].

Gemini’s XRP credit card represents a pivotal moment in the ongoing integration of digital assets into mainstream financial systems. As more exchanges and financial institutions explore ways to enhance the utility of cryptocurrencies, such initiatives may further drive adoption and reshape traditional financial landscapes [1].

Source:

[1] Gemini's Drops Ripple Surprise: XRP Army Marks This Date (https://dailycoin.com/geminis-surprise-for-ripple-xrp-army-braces-for-this-date/)

[2] Gemini Announces Launch Date for XRP-Themed Credit ... (https://coincentral.com/gemini-announces-launch-date-for-xrp-themed-credit-card/)

[3] Here Are 4 Major XRP Developments You Might Have ... (https://www.mitrade.com/insights/news/live-news/article-3-1063693-20250823)