Gemini Launches XRP Credit Card with 4% Crypto Rewards
Gemini has launched an XRP credit card in the U.S., issued by WebBank on the Mastercard network, offering up to 4% back in XRP rewards on gas, EV charging and rideshare; 3% on dining; 2% on groceries; and 1% on other purchases. Select merchants can boost rewards to 10%. The card carries no annual fees, foreign transaction fees or crypto exchange charges, and integrates Mastercard World Elite benefits including discounts, fraud protection and zero liability for unauthorized transactions. Rewards post instantly to Gemini accounts, allowing holders to keep or swap XRP immediately. Backed by Ripple with a $150 million credit line tied to Gemini’s upcoming IPO and coupled with RLUSD stablecoin support for U.S. spot trading at zero conversion fees, this XRP credit card aims to boost user adoption and diversify revenue after a $282.5 million net loss in H1 2025. Applications are open to U.S. customers, marking a significant step toward mainstream crypto utility in everyday spending.
Bullish
The launch of Gemini’s XRP credit card, backed by Ripple’s $150 million credit line, creates immediate demand for XRP through rewards issuance and enhances real-world utility. In the short term, traders may accumulate XRP to maximize card rewards, potentially driving price gains. The integration of zero-fee RLUSD stablecoin trading boosts on-platform liquidity and trading volume. Over the long term, mainstream spending adoption—supported by Mastercard World Elite benefits and no conversion or transaction fees—strengthens XRP’s network effect and could sustain upward price momentum, as past payment integrations have shown positive market correlations.