Gemini, the cryptocurrency platform, has launched an XRP edition credit card $XRP , in partnership with Ripple and issued by WebBank, under the Mastercard World Elite program.
Users in the U.S. can earn up to 4% cashback in XRP in selected categories such as gas, electric vehicle charging, ridesharing, and up to 3% on food, 2% on groceries, and 1% on other purchases. Additionally, there are special promotions of up to 10% cashback at affiliated merchants.
There is no annual fee or foreign transaction fees, and the rewards in XRP are deposited **instantly** into the Gemini account where they can be held, exchanged, or withdrawn.
A welcome bonus of 200 USD in XRP is offered, provided the user spends 3,000 USD in the first 90 days.
Strategic context and implications
The card arrives just after the favorable resolution of the legal case between Ripple and the SEC, clearing the way for XRP-linked products in the U.S.
Gemini also expanded its support for Ripple USD (RLUSD), Ripple's stablecoin, now available as a base currency for spot trading in the U.S., facilitating conversions without intermediate steps.
This initiative intensifies the collaboration between Ripple and Gemini, further supported by a 75 million USD credit line from Ripple, reinforcing its commitment to XRP in both the traditional and digital financial environments.
Why is it relevant?
Drives the everyday adoption of XRP: allows earning XRP while making regular purchases, integrating cryptocurrencies into daily life.
Enhances the utility of the token: turns XRP into a practical and accessible currency for payments, not just a speculative investment.
Generates greater liquidity and direct demand: cashback in XRP can boost its use and accumulation, especially among enthusiasts and new users.
