Gemini has just launched the XRP rewards credit card, enabling users to earn and spend XRP easily in their daily lives.
The new card integrates many cashback offers in XRP, has no annual fee or international transaction fees, building a sustainable bond between Gemini and the XRP community.
MAIN CONTENT
Gemini introduces the XRP rewards credit card with attractive cashback offers.
XRP provides the highest returns for Gemini credit card users with a 453% increase in one year.
Gemini's XRP card ranks higher on the App Store, surpassing major competitors like Coinbase and Robinhood.
What is the Gemini XRP rewards credit card?
Gemini has just launched the XRP rewards credit card developed with Ripple, allowing users to receive XRP rewards when spending in their daily lives.
This is a special card that offers 4% cashback for gas, electric vehicle charging, ridesharing services, 3% for dining, 2% for grocery shopping, and 1% for other transactions. Users can flexibly choose rewards in Bitcoin, Ether, or over 50 other cryptocurrencies on Gemini.
This card has no annual fee, no international transaction fees, and provides free cryptocurrency rewards, allowing customers to enjoy many superior benefits.
Why was XRP chosen as the preferred reward on Gemini's credit card?
XRP has proven its appeal by providing the best returns for Gemini cardholders, with an increase of up to 453% in 12 months.
Specifically, the total accumulated rewards of $73,700 has grown to over $407,000, outperforming other cryptocurrency options. This demonstrates the strong profitability and high liquidity of XRP on the platform.
The results show the superiority and sustainable potential of XRP in Gemini's cryptocurrency rewards ecosystem.
What has been the reaction of the Ripple team and the community to Gemini's XRP credit card?
Ripple CEO Brad Garlinghouse expresses excitement about the official launch of the XRP rewards credit card, viewing it as a significant development for the XRP community.
Tyler Winklevoss ensures Brad will receive the highest limit on the card and creates a ripple effect in the community. At the same time, Ripple's CTO, David Schwartz, humorously shared that he is ready with new XRP-branded items and cards.
"A credit card that earns XRP is on the market?! What a great time to be alive, XRP family."
– Brad Garlinghouse, CEO of Ripple, June 2024
"I have prepared my belt, t-shirt, and XRP rewards credit card ready at XRPresso."
– David Schwartz, CTO of Ripple, June 2024
This event affirms the strategic partnership between Gemini and Ripple, fostering loyalty and affection among XRP users.
How has the Gemini XRP credit card impacted its position on financial application platforms?
Since its launch, the XRP rewards credit card has helped Gemini climb to 11th place in the US App Store financial app rankings, surpassing Coinbase (ranked 25th) and Robinhood (ranked 18th).
This achievement reflects the strong appeal of the new product and the increased interest of users in the Gemini platform. Tyler Winklevoss calls this a sign of "the ongoing transition happening faster."
However, the product has been criticized by some reviewers as lacking novelty, as XRP rewards had been offered before and are only limited to users in the United States.
How does Gemini expand access to RLUSD and what impact does it have on XRP?
Gemini expands access to RLUSD after its listing in May, while allowing RLUSD to be used as base currency in spot trading pairs in the United States.
Despite new developments, XRP still faces strong selling pressure from large institutions, causing its price to drop from $3.01 to $2.91, losing 1.3% of its value in the last 24 hours.
This shows the volatility commonly seen in the cryptocurrency market, despite positive product development moves.
Frequently Asked Questions
What is the Gemini XRP rewards credit card?
It is a credit card issued by Gemini that rewards XRP for everyday spending transactions, making it easier for users to earn and use XRP.
What is the biggest benefit of using Gemini's XRP rewards card?
The main benefit is the high cashback rate, especially 4% for gas, electric vehicle charging, and ridesharing services, along with low maintenance fees and flexible reward redemption.
Does XRP on the Gemini credit card provide profits?
Yes, according to Gemini, XRP rewards users have earned a profit of up to 453% in one year, the highest among supported cryptocurrencies.
Who can use the Gemini XRP rewards credit card?
Currently, the card is limited to customers in the United States and has not yet expanded internationally.
What impact does the listing of RLUSD at Gemini have on XRP?
This expands trading options but has not helped XRP maintain its upward momentum due to strong selling pressure from institutions.
Source: https://tintucbitcoin.com/the-ideal-time-to-invest-in-cryptocurrency/
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