Gemini Partners With Ripple To Roll Out XRP Rewards Credit Card With RLUSD Integration

Gemini, the crypto exchange started by billionaire twin brothers Cameron and Tyler Winklevoss, has announced that it launched an XRP credit card via a partnership with Ripple. The new card offers crypto users rewards across spending categories.

Gemini Launches XRP Credit Card With Ripple

The Gemini exchange has introduced a new credit card based on XRP, which will target users who have purchased this cryptocurrency and want to earn cashback and avoid additional charges. This card is released at a time when the crypto exchange is pursuing an IPO that is being backed by Ripple.

With its XRP credit card, Gemini offers customers up to 4 percent cash back on all purchases paid in XRP. The XRP 4% Cashback will be applicable on purchasing gasoline, rideshares, and EV charging. 3% XRP cashback for dining. The cashback is 2% on groceries and 1% on other purchases.

As per the report, the card carries no annual charges, no foreign transaction charges, and no exchange fee when redeeming crypto rewards. Per the report, the functionality of the new XRP card is similar to the other cards offered by Gemini. Nonetheless, it has an XRP-oriented design targeting users who believe in the asset. 

Cardholders will keep earning rewards in Bitcoin or any of the 50+ supported tokens and can swap these rewards whenever they want.

Cameron Winklevoss went to X (formerly Twitter) to respond to the launch and encourage the XRP community to use the card. According to Cameron, the XRP credit card is a method that Gemini uses to add more value to the users and remain relevant within the crypto space.

The XRP Credit Card Comes With RLUSD Support

Ripple responded to the rollout of the card by stating that the Gemini XRP card will also accommodate its RLUSD stablecoin. On X, the company has declared that the card will enable its holder to exchange crypto more conveniently and without conversion fees.

Ripple noted that the collaboration will facilitate quick and convenient access to crypto and stable value. The RLUSD stablecoin will provide a stable platform for trading and holding digital assets. Users have the option to take the rewards as RLUSD or exchange them for other supported cryptocurrencies.

Gemini Prepares To Go Public

The launch of the XRP credit card comes at a time when the Gemini exchange is preparing for an initial public offering (IPO). In addition to partnering with Gemini for the XRP card, Ripple is also financially backing the upcoming IPO of the exchange.

Under the terms of this alliance, Gemini will have access to a credit line of up to $150 million provided by Ripple. All this has made many believe that the XRP card is part of a bigger scheme between the two companies.

However, Gemini has been operating at a loss for the last two years. Its latest earnings reports showed that the exchange incurred a net loss of $282.5 million in the first half of 2025. The recent credit card rollout is Gemini’s way of trying to increase its market share by targeting certain groups, such as the RIP Army.