The Gemini crypto exchange is launching a Ripple XRP edition of its credit card, rewarding users with 4% XRP back on eligible purchases. With the XRP edition of the Gemini Credit Card, customers can earn up to 4% back in XRP on gas, EV charging, and rideshare, 3% back on dining, 2% back on groceries, and 1% back on other purchases. Gemini is also partnering with select merchants to offer up to 10% back on qualifying purchases for all Gemini Credit Card holders.
Gemini is also expanding access to the Ripple USD (RLUSD) stablecoin. The Gemini exchange listed the RLUSD stablecoin earlier this year. The launch of the new credit card also ensures that it’s easier for traders to move between RLUSD and any other asset on Gemini.
“The Gemini Credit Card is a bridge to the future of finance. By introducing a special XRP edition of the Gemini Credit Card, we’re giving customers and the XRP Army new ways to earn XRP and express their passion, loyalty, and excitement,” said Tyler Winklevoss, Co-Founder and CEO of Gemini. Furthermore, the XRP Credit Card has no annual fees, no fee to receive crypto rewards, and no fee on foreign transactions, per Gemini’s XRP blog.
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“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, CEO of Ripple. “With Gemini, we’re making everyday spending a chance to earn and connect with both XRP and RLUSD. It’s a step toward giving people a faster way to move money, and making crypto simple and approachable for everyone.”
“Fifty-five million Americans own crypt,o and that number is only increasing as more people look for easier ways to access and use it in their daily lives,” added Brad Garlinghouse, CEO of Ripple. “With Gemini, we’re making everyday spending a chance to earn and connect with both XRP and RLUSD. It’s a step toward giving people a faster way to move money, and making crypto simple and approachable for everyone.”
The Gemini XRP Credit Card is available to apply for now.