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3d ago

Gemini Rolls Out XRP Rewards Card, Elevates RLUSD to Base Currency for U.S. Spot Trading

The rollout underscores Gemini’s reliance on Ripple financing during its push toward a Nasdaq listing.

Gemini targets xrp army with new credit card, expands ripple usd use for u.s. customers
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Gemini unveils XRP edition of its credit card

Overview

  • U.S. customers can apply for a limited‑edition metal Gemini Credit Card that delivers instant XRP rewards of 4% on gas, EV charging and rideshare, 3% on dining, 2% on groceries and 1% on other purchases.
  • The card is issued by WebBank on the Mastercard network, features select merchant promos up to 10% back, integrates with Apple Pay, Google Pay and Samsung Pay, and offers a $200 XRP welcome bonus for $3,000 spent in 90 days.
  • Gemini made Ripple USD (RLUSD) a base currency across all U.S. spot pairs, allowing direct trading into and out of assets without extra conversion steps.
  • Sensor Tower data showed the Gemini app jumping into the top finance rankings in the U.S. after the launch, briefly overtaking Coinbase in downloads even as Coinbase still leads by trading volume.
  • The moves deepen ties between the firms after Gemini’s SEC filings disclosed a $75 million Ripple credit facility, drawing mixed reactions from XRP supporters who noted the card is U.S.-only and similar to prior rewards options.