Crypto exchange Gemini and blockchain firm Ripple have teamed up to launch a special XRP Edition of the Gemini Credit Card, offering U.S. users crypto rewards in XRP for everyday purchases, the companies announced Monday.
Issued by WebBank and powered by Mastercard, the new credit card allows cardholders to earn XRP, the native token of the XRP Ledger (XRPL), as a cashback reward. Gemini’s blog post details reward tiers of 4% on gas, EV charging, and rideshare, 3% on dining, 2% on groceries, and 1% on all other purchases. Select partner merchants will offer up to 10% back in XRP.
The XRP Edition also includes perks from the World Elite Mastercard program, offering discounts and exclusive benefits to cardholders.
“With this XRP card edition, we’re giving the XRP Army more ways to earn and engage with their favorite crypto,” said Gemini CEO Tyler Winklevoss, calling it a blend of utility and loyalty for XRP fans.
Ripple CEO Brad Garlinghouse added that the partnership aligns with growing demand from U.S. consumers for easier crypto access. “It’s a step toward making crypto simple, useful, and part of daily life,” he said. Garlinghouse also noted that cardholders can earn not just XRP but also RLUSD, Ripple’s U.S. dollar-backed stablecoin.
Originally launched in January 2021, the Gemini Credit Card was one of the first to offer crypto rewards, allowing users to earn assets like Bitcoin and Ether on everyday purchases. The XRP Edition marks an expansion of that strategy, targeting communities around specific tokens.
The announcement comes just days after Gemini filed for an initial public offering (IPO) on August 15. The filing revealed $282.5 million in losses on $67.9 million in revenue for H1 2025, reflecting higher expenses amid crypto’s renewed institutional push following President Trump’s re-election and the passing of the GENIUS Act.
The XRP Edition card will begin rolling out to eligible U.S. users this fall.
