XRP News Today: Ripple and Gemini Launch XRP Rewards Credit Card with 4% Cashback

Generated by AI AgentCoin World
Tuesday, Aug 26, 2025 5:28 am ET1min read
Aime RobotAime Summary

- Ripple and Gemini launched a limited-edition XRP rewards credit card offering up to 4% cashback in XRP, co-developed with WebBank and backed by a $75M joint investment.

- Executives including CEO Brad Garlinghouse and Gemini's Tyler Winklevoss actively promoted the card, emphasizing its role in expanding XRP's real-world utility and accessibility.

- The no-annual-fee card targets U.S. consumers with instant XRP rewards, aligning with Ripple's strategy to integrate blockchain incentives into traditional finance while strengthening institutional crypto adoption.

Ripple executives have taken center stage in promoting the Gemini

XRP
Credit Card, a financial product designed to reward users with up to 4% cashback in XRP on everyday purchases. The card, issued by WebBank and co-developed with Gemini, represents a strategic step in merging traditional finance with blockchain-based incentives. Ripple CEO Brad Garlinghouse and Gemini CEO Tyler Winklevoss have both publicly endorsed the initiative, with Winklevoss humorously suggesting Garlinghouse would receive "the whale limit" on the card, implying a high spending threshold tied to XRP [2].

Garlinghouse showcased the card on social media, expressing his enthusiasm and calling it a "notable moment" for the XRP community. The card reportedly received a $75 million investment from both Ripple and Gemini, and it offers no annual fee with instant XRP rewards, adding a new utility layer to the token [1]. The product is currently available only to U.S. consumers and has been labeled a "limited edition," increasing its appeal among crypto enthusiasts [3].

Ripple’s CTO, David Schwartz, also joined the campaign, sharing a lighthearted post with an XRP-themed outfit and the card in hand at a themed coffee spot, XRPresso. His message, “Got my XRP belt on, wearing an XRP t-shirt, holding an XRP rewards credit card at XRPresso … someone pinch me?” underscored the executives’ personal commitment to the project and helped amplify its visibility across social media [4].

The collaboration between Ripple and Gemini reflects a broader trend of institutional interest in cryptocurrency rewards programs. While some critics remain skeptical about the long-term impact of the card, the partnership strengthens the visibility of XRP and its potential use in daily transactions. Gemini recently expanded access to Ripple’s RLUSD stablecoin and included XRP as collateral for derivatives trading, further solidifying the relationship between the two firms [1].

The card’s launch was set for August 25, 2025, and early promotional efforts included a New York billboard teasing the release. The product aligns with Ripple’s broader strategy to increase the real-world utility of XRP, making it more accessible for everyday use. As part of this effort, Gemini and Ripple have demonstrated a clear intent to continue executive-level support and collaboration [5].

Sources:

[1] title1.............................(https://www.benzinga.com/crypto/cryptocurrency/25/08/47324417/4-xrp-rewards-gets-brad-garlinghouse-tease-ripple-ceo-shows-off-gemini-credit-card-tyler-winklevoss-jokes-theres-a-whale-limit-on-that)

[2] title2.............................(https://u.today/ripple-ceo-shows-off-his-xrp-card-will-he-get-whale-limit)

[3] title3.............................(https://uk.finance.yahoo.com/news/xrp-down-another-3-traders-182756101.html)

[4] title4.............................(https://tradersunion.com/news/market-voices/show/458746-xrp-rewards-card)

[5] title5.............................(https://www.tiktok.com/en/trending/detail/mastercard-launches-xrp-card-with-ripple-ceo)