The crypto exchange Gemini, founded by the Winklevoss brothers, is rolling out a new credit card. This move comes as the company gets ready for its public debut on the U.S. stock market. The new card aims to attract fans of XRP, often called the “XRP Army,” by offering rewards in the popular cryptocurrency.
Gemini announced this special Mastercard edition on Monday in a press release. The company worked with Ripple on this project. Cardholders will earn XRP on their everyday purchases. Gemini is also making its Ripple USD (RLUSD) stablecoin available to more users across the United States. This shows a strong commitment to the Ripple ecosystem.
Tyler Winklevoss, Gemini’s co-founder and CEO, shared his thoughts. He said the Gemini credit card builds a bridge to the future of finance. He noted this special XRP card gives customers and the XRP Army new ways to earn XRP. It also lets them show their passion and loyalty.
A Card Just for XRP Fans
WebBank issues this new Gemini Card edition. Users can get up to 4% back when they fill up their gas tanks, charge their electric cars, or use ride-sharing services. They will also earn 3% back at restaurants and 2% on groceries. All other purchases will get 1% back. These rewards are all paid in XRP.
Gemini has also teamed up with certain stores. These partnerships offer up to 10% cashback on eligible purchases. You can find these details in the company’s app. The card has no annual fee. It also charges no foreign transaction fees. Plus, there are no extra costs to get your crypto rewards.
Before this new edition, Gemini’s credit card already offered XRP rewards. It also offered rewards in over 50 other cryptocurrencies, including Bitcoin and Ethereum. Company data shows that card users who held their XRP rewards for at least one year, up to July 2025, saw a 453% increase in value. This growth was higher than other cryptocurrencies in the program.
Gemini Card Boosts RLUSD Use
Alongside the card launch, Gemini has expanded RLUSD availability. RLUSD is a stablecoin backed by the U.S. dollar, issued by Ripple. Since its launch last year, it has grown to a market value of over $640 million.
Gemini added RLUSD to its platform in May. It is now available as a token for all spot trading pairs for U.S. users. This means traders can swap RLUSD for other assets without extra conversion steps. It also helps them avoid related costs.
Brad Garlinghouse, Ripple’s CEO, also weighed in. He pointed out that 55 million Americans own cryptocurrencies. That number keeps growing as more people look for easier ways to use crypto in their daily lives. He said Gemini turns everyday spending into a chance to earn and connect with XRP and RLUSD.
Gemini and Ripple Partner Amid IPO Plans
XRP is the native cryptocurrency of the XRP Ledger (XRPL). It is known for quick and cheap payments. XRP has been used for over 12 years for settlements and cross-border transfers. Financial institutions such as Braza Bank, Vert, Société Générale, and Guggenheim Treasury Services use the XRPL. This shows its growing importance in global digital finance.
Gemini recently applied for an Initial Public Offering (IPO). It also secured a MiCA license in Malta to grow in Europe. These moves show Gemini is working hard to offer more services. The company’s IPO paperwork also revealed a $75 million credit line from Ripple. However, Gemini reported a net loss of $282 million in the first half of 2025.
Extra Card Perks
Holders of the Gemini XRP Edition card get more benefits through the Mastercard World Elite program. These include discounts on services like Peacock Premium, Instacart, ResortPass, Lyft, and Booking.com. Users can also choose their rewards from more than 50 cryptocurrencies available.
With this launch, Gemini and Ripple aim to do more than just push XRP adoption. They want to make cryptocurrencies easier to access in daily life. This helps solidify their place in a rapidly changing market.