In a move aimed at expanding everyday use cases for digital assets, crypto exchange Gemini has partnered with Ripple to launch a credit card that offers cashback rewards in XRP. The collaboration marks another step in integrating cryptocurrency into consumer spending while rewarding users across multiple categories.
Credit card rewards structure
The new XRP edition of Gemini’s credit card, issued in partnership with WebBank, allows holders to earn rewards directly in XRP. The card offers:
- 4% cashback on fuel, EV charging, and rideshare purchases
- 3% on dining
- 2% on groceries
- 1% on all other purchases
Additionally, Gemini said it is working with select merchants to provide up to 10% back on eligible spending.
“We’re giving customers and the XRP Army new ways to earn XRP and express their passion, loyalty, and excitement,” said Tyler Winklevoss, Gemini co-founder and CEO.
Broader use of Ripple USD and global expansion
Gemini also announced it is extending support for Ripple USD (RLUSD), Ripple’s $680 million stablecoin. U.S. users can now use RLUSD as a base currency for all spot trading pairs, enabling seamless movement between the dollar-backed token and other assets.
“Fifty-five million Americans own crypto and that number is only increasing as more people look for easier ways to access and use it in their daily lives,” said Brad Garlinghouse, Ripple CEO. “With Gemini, we’re making everyday spending a chance to earn and connect with both XRP and RLUSD.”
The move comes as Gemini accelerates its global expansion. In June, the exchange introduced tokenized U.S. stock trading, and just last week, it secured a MiCA license in Malta to expand its presence in Europe. The company is also preparing for a potential U.S. public listing.