XRP News Today: Ripple Launches XRP Rewards Credit Card With Up to 10% Cash Back

David Schwartz, Chief Technology Officer of Ripple, recently made a high-profile appearance at a San Francisco café called XRPresso, where he showcased the newly launched XRP rewards credit card while dressed in XRP-branded apparel. In a playful social media post, Schwartz wrote, “Got my XRP belt on, wearing an XRP t-shirt, holding an XRP rewards credit card at XRPresso … someone pinch me?” His post, shared on August 25, captured the excitement surrounding Ripple’s latest consumer-facing product and reflected the company’s growing momentum in integrating XRP into everyday financial tools [1].

The XRP edition of the Gemini Credit Card, which officially launched on the same day, is a key component of Ripple’s strategy to make XRP more accessible and useful in daily transactions. The card is issued by WebBank under the Mastercard World Elite program and offers users a tiered cash-back reward system, with up to 4% in XRP. Additionally, Gemini has partnered with select merchants to provide up to 10% cash back in XRP on eligible purchases. The card is designed to be user-friendly, with no annual fees, no foreign transaction charges, and no fees for receiving rewards in cryptocurrency [1].

Ripple CEO Brad Garlinghouse emphasized that the card allows users to earn and engage with XRP through everyday purchases, reinforcing the company’s broader goal of creating practical use cases for its technology. The timing of the launch is significant, as Ripple recently concluded its legal battle with the U.S. Securities and Exchange Commission (SEC), achieving a degree of regulatory clarity. At the same time, Gemini has deepened its relationship with Ripple through a $75 million credit line and is preparing for an anticipated public offering [1].

The card has already sparked a positive response from the XRP community. Many users shared their experiences of receiving the card and expressed enthusiasm about its practical and symbolic value. Some took a lighthearted approach, joking that only XRP-themed underwear was missing from Schwartz’s look. The initiative marks a notable shift in how XRP is being positioned—not just as a digital asset, but as a functional part of modern financial infrastructure [1].

The launch of the XRP rewards credit card represents a broader industry trend of integrating blockchain-based rewards into traditional financial tools. As Ripple continues to expand XRP’s utility, it aims to foster greater adoption and demonstrate the token’s value beyond speculative trading and into real-world applications. The success of this product could influence how other blockchain projects approach consumer engagement and reward systems in the near future [1].

Source:

[1] TimesTabloid - https://timestabloid.com/got-my-xrp-belt-on-ripple-cto-flaunts-his-xrp-credit-card-powered-by-mastercard/