Gemini XRP Card Launch Speculation Grows as XRP Price Extends Market Gains

Gemini has hinted at a potential launch of its first XRP-branded Mastercard in the United States. It, in turn, led to increased speculation about how feasible this is in the financial systems. This comes as the XRP price continues to rise to previous highs.

Gemini Hints at XRP Mastercard Launch

Speculation has continued to grow over the potential launch of a Gemini XRP Mastercard. This came as Gemini posted an image of a billboard displayed in New York City, which carried the message “Prepare your bags.” It also had a possible release date of August 25, 2025. Although Gemini has not issued an official confirmation, the move has stirred reactions across the XRP community.

Crypto lawyer John Deaton added to the conversation by tagging Gemini co-founders Cameron and Tyler Winklevoss. He playfully wagered that the card could outperform existing crypto-linked cards.

Hey @cameron, @tyler, @Pagetgrace and @Natalie_Rix:

I’m going to make a friendly wager and bet the Gemini XRP Card will outdo other cards.

And for the record, I’m not being compensated in any way to offer this friendly wager. 😂 I just know a thing or two about the XRP Army. https://t.co/zJsLJoy9dD

— John E Deaton (@JohnEDeaton1) August 23, 2025

Not everyone is convinced. An investor, WrathofKahneman, questioned the reliability of the rumors. He noted that Gemini already operates a crypto rewards credit card. Kahneman also called for more credible sources to verify whether the upcoming product will, in fact, allow direct payments with XRP.

This debate recalls a post from March when Gemini co-founder Tyler Winklevoss asked the XRP community if they would embrace a credit card that offered cashback rewards in XRP. 

According to reports, Ripple, Gemini, and Mastercard have partnered to deliver the product, which WebBank will issue to ensure regulatory compliance in the U.S. The companies reportedly contributed $75 million to the venture, which aims to hasten the token’s adoption in the mainstream finance industry.

If launched, the Mastercard would automatically convert token balances into fiat at the point of sale. This would allow everyday purchases to be made easily with digital assets. This comes at a time when institutions are increasingly seeking practical use cases for cryptocurrencies beyond trading. 

XRP Price Builds on Market Gains

CoinMarketCap data shows that the XRP price has continued its upward surge amid the speculations. Over the last 24 hours, the token rose 6.52% to $3.05, outperforming Bitcoin.

This comes after the joint dismissal of the XRP lawsuit was approved by the Second Circuit Court. The approval put an official end to nearly five years of legal setbacks. With the case behind it, experts argue that the altcoin is now better positioned for institutional acceptance.

Furthermore, Canary Capital recently updated its S-1 filing for an XRP ETF with the SEC. Applications of other well-known asset managers, such as Greyscale, CoinShares, and WisdomTree, were also updated.  This action, which was probably brought about by SEC input, was characterized as a positive step. 

The SEC had delayed rulings on spot XRP ETFs until October 2025, with analysts stating the approval is increasingly likely. Approval could open the door to billions in institutional inflows, echoing Bitcoin’s ETF-driven liquidity boom. Even though Gemini hasn’t confirmed the rumoured launch yet, enthusiasm is growing in the altcoin’s community.

Michael Adeleke

Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.