Gemini Launches XRP Credit Card Offering 4% Cashback Rewards
Cameron Winklevoss, co-founder of Gemini, announced the launch of the XRP edition of the Gemini Credit Card, enhancing both Gemini's offerings and Ripple's ecosystem.
- The card allows customers to earn up to 4% back in XRP on purchases.
- Rewards include 4% on gas, EV charging, and rideshares; 3% on dining; 2% on groceries; and 1% on general purchases.
- Merchant-specific promotions can boost cashback to as much as 10% in XRP.
- Gemini has expanded support for Ripple’s RLUSD stablecoin, allowing it as a base currency across all Gemini spot pairs.
- Ripple CEO Brad Garlinghouse stated this integration supports mainstream adoption of stable payments.
Gemini's Strategic Moves
- The credit card launch aligns with Gemini's plans for a public listing in the U.S.
- Gemini disclosed a $75 million credit line from Ripple in its IPO filings with the SEC.
- Despite a $282 million net loss in H1 2025, Gemini continues to expand globally, securing a MiCA license in Malta.
- The company is diversifying with tokenized US stocks alongside traditional crypto services.
Investor interest in secure multi-chain wallets like Best Wallet (BEST) has surged following the credit card launch, with the project raising over $15 million in its presale. It offers low fees, attractive staking yields, and compatibility across multiple ecosystems.
Best Wallet Presale