XRP News Today: XRP Advocate Bets Gemini Mastercard Will Outperform Crypto Payment Cards

Prominent attorney and long-time XRP advocate John Deaton has publicly placed a wager that the upcoming Gemini XRP Mastercard will outperform other crypto-linked payment cards in the market [1]. In a direct message to key figures in the digital asset and crypto communities—including Cameron and Tyler Winklevoss, Paget Grace, and Natalie Rix—Deaton emphasized that his bet is not financially incentivized, but rather rooted in his belief in the strength and loyalty of the XRP community. He described the XRP user base as a “XRP Army” and expressed confidence that this support will translate into strong adoption of the new card [1].

Gemini, the digital asset exchange, has been actively promoting the card ahead of its scheduled launch on August 25, 2025 [2]. The platform unveiled a large billboard in New York City featuring the XRP-branded Mastercard design and the date of the launch. The card, issued by WebBank and powered by Gemini, will offer users up to 4% cashback in XRP tokens on everyday purchases [2]. This stands in contrast to other crypto-linked cards, which often offer rewards in stablecoins or a mix of tokens. The move underscores Gemini’s strategic pivot toward XRP following a key 2023 court ruling that clarified the token’s legal status.

The partnership also includes reported financial support from Ripple, which is providing a credit line to Gemini in connection with the exchange’s upcoming Initial Public Offering [2]. This collaboration highlights the growing alignment between regulated digital asset exchanges, blockchain technology companies, and traditional financial institutions. By leveraging Ripple’s infrastructure and Gemini’s expanding consumer finance ambitions, the XRP Mastercard aims to bring cryptocurrency into mainstream financial products.

The XRP community has responded positively to the announcement. Gemini’s recent social media posts and promotional activities, including the billboard, have generated significant attention online. A post on X with the phrase “Prepare your bags” has garnered over 2.2 million views, reflecting high levels of public interest [2]. Deaton’s public endorsement has further fueled this momentum, reinforcing the perception that the Gemini XRP Mastercard has a distinct advantage in the competitive crypto-card market.

Analysts have compared the potential impact of the Gemini XRP Mastercard to Visa’s 2023 partnership with Solana, which led to a 20% price increase for SOL [2]. While such comparisons are speculative, they highlight the potential for crypto-linked payment products to influence market sentiment. The unique feature of rewarding users in XRP, rather than stablecoins or fiat, adds a layer of token utility that may drive demand independently of broader market conditions.

As the launch date approaches, market participants continue to assess how the card will perform relative to other crypto-linked offerings. Deaton’s confidence in the product reflects broader expectations that the Gemini XRP Mastercard could serve as a mainstream validation of XRP’s utility in everyday financial transactions [2].

Source:

[1] Lawyer Bets On Gemini XRP Mastercard to Outdo Other ... (https://x.com/johnedeaton1?lang=en)

[2] Gemini to Launch a New XRP Rewards Mastercard ... (https://coinedition.com/gemini-xrp-mastercard-launch-aug-25/)