Crypto exchange Gemini has launched the XRP credit card with notable features to entice XRP holders. This comes amid the exchange’s IPO plans, with Ripple one of the firms providing financial backing for the exchange.
Gemini XRP Card Launches Amid IPO Plans
Gemini introduced the XRP edition of its Credit card on its website. The exchange further revealed some perks that come with using the card, including the fact that users can earn up to 4% XRP back on every purchase with no annual fee.
This follows an earlier CoinGape report about Gemini’s hint about the card launch. In addition to the zero annual fee feature, the Gemini XRP card also has zero foreign transaction fees and no exchange fees to acquire crypto rewards.
Meanwhile, the crypto exchange revealed that the XRP card functionality remains the same as all current Gemini cards in the market. However, it noted the “innovative design for the XRP Army” to show their allegiance. Furthermore, cardholders can still earn bitcoin or over 50 cryptos back, and can swap them anytime.
In an X post, Cameron Winklevoss, one of the exchange’s co-founders, also commented on the Gemini XRP card launch. He called on the XRP Army to take advantage of the credit card’s features, noting that they can earn up to 4% back in the altcoin every time they use the card.
Calling on the XRP Army. This Credit Card 💳 was made for you. Earn up to 4% back in XRP every time you swipe. Onward! 🚀 https://t.co/oeC2Qg1mSG
— Tyler Winklevoss (@tyler) August 25, 2025
Ripple Reacts To The Card Launch
In an X post, Ripple reacted to the launch of the Gemini XRP card. The crypto firm noted that the card supports its RLUSD stablecoin for U.S. spot trading. Furthermore, Ripple highlighted how users can enjoy simplified trading at no extra conversion fees.
The firm also stated that the card will provide fast and simple access to crypto and stable value. It is worth noting that Ripple is currently one of the backers of Gemini’s IPO plans. Both parties have an agreement under which the crypto exchange can take up to $150 million credit line from Ripple.
Meanwhile, the crypto exchange’s IPO filing has revealed a net loss of $282.5 million in the first half of the year. It has also struggled to turn a profit over the last two years. As such, moves like the launch of the Gemini XRP card might be strategic in a bid to boost the exchange’s user base and grow its revenue sources.
The launch of the Gemini XRP card has already attracted significant attention from the crypto community. Before the card’s launch, pro-crypto lawyer John Deaton had opined that the Gemini XRP Card would outdo other 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
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
Source: https://coingape.com/gemini-launches-xrp-credit-card-amid-ripple-backed-ipo-plans/