Gemini is deepening its ties with Ripple, unveiling a new credit card that lets customers earn XRP rewards while also expanding support for Ripple’s RLUSD stablecoin on its exchange.
The move comes as Gemini prepares for a public listing in the United States and ramps up its offerings globally.
XRP Cashback for Everyday Spending
The new Gemini card, issued through WebBank, will give customers cashback directly in XRP. Rewards include 4% back on gas, EV charging, and rideshares, 3% on dining, 2% on groceries, and 1% on general purchases. Gemini also revealed special merchant partnerships that will offer as much as 10% back on select transactions.
Tyler Winklevoss, Gemini’s co-founder, framed the launch as a way to energize XRP supporters: “We’re giving customers and the XRP Army more ways to earn XRP and show their loyalty.”
Ripple’s Stablecoin Gains Ground
The collaboration doesn’t stop with the credit card. Ripple’s U.S. dollar stablecoin, RLUSD, will now serve as a base currency for all Gemini spot trading pairs available to American users. This integration means traders can seamlessly swap between RLUSD and other assets without needing extra conversions.
Ripple CEO Brad Garlinghouse said the partnership reflects growing mainstream adoption of crypto in everyday life: “With Gemini, we’re turning daily spending into a way for people to engage with XRP and RLUSD.”
Gemini’s Bigger Push Into Global Markets
The announcements arrive during a pivotal phase for Gemini. In recent weeks, the exchange secured a MiCA license in Malta to expand into the European market, while also introducing trading for tokenized U.S. stocks. Its IPO filing revealed a $75 million credit facility provided by Ripple and a $282 million net loss in the first half of the year.
Despite financial headwinds, the firm is betting that partnerships like the one with Ripple will help drive adoption and strengthen its case to investors ahead of a public debut.
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Source: https://coindoo.com/gemini-unveils-xrp-credit-card-with-up-to-10-back-on-purchases/