US-based crypto exchange Gemini is launching a co-branded credit card with Ripple that puts XRP at the center of everyday payments.
According to a new Gemini press release, the XRP edition of the Gemini Credit Card pays 4% back in XRP on fuel, EV charging, rideshare and transit; 3% on dining; 2% on groceries; and 1% elsewhere.
Partner merchants can push rewards up to 10%, and early applicants approved by June 30, 2025, qualify for a $200 XRP bonus after $3,000 in spending within 90 days.
Issued by WebBank and running on Mastercard’s network, the card carries no annual fee, foreign transaction fee, or exchange fee. Rewards land automatically in a Gemini wallet, ready to hold, swap, or cash out.
Tyler Winklevoss, Gemini’s co-founder and CEO, called the move “a bridge to the future of finance,” pointing to XRP’s strong traction in Gemini’s rewards lineup over the past year. The token – native to the XRP Ledger – underpins fast, low-cost transactions and has long been positioned for payments and cross-border settlement.
Alongside the card launch, Gemini widened availability of Ripple USD (RLUSD), Ripple’s dollar-backed stablecoin, now with a $640 million market cap. RLUSD is live as a base currency for all US spot pairs, streamlining trades and trimming conversion costs.
The rollout follows Ripple’s $75 million credit line to Gemini earlier this year and comes as Gemini eyes a US IPO and expands in Europe with a new Markets in Crypto-Assets (MiCA) license in Malta. The partnership adds another point of convergence between a global payments network and a regulated crypto exchange looking to scale its retail footprint.
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