Gemini and Ripple Launch XRP Credit Card, Cashback Up to 10%

According to reports, Gemini and Ripple have teamed up to launch the XRP credit card, providing cryptocurrency cashback rewards for users in various spending categories. This credit card is similar to Gemini's other cashback cards and is issued by WebBank. Cardholders can earn up to 4% XRP cashback on fuel, electric vehicle charging, and rideshare spending; 3% on dining; 2% on groceries; and 1% on other transactions. Additionally, Gemini stated that they have partnered with designated merchants to offer up to 10% cashback on eligible spending. The Gemini exchange has also expanded the usage of Ripple's RLUSD stablecoin in spot trading base currency for U.S. users.