Cryptocurrency platform Gemini has rolled out its XRP-centric credit card, offering unique advantages for individuals invested in XRP. This release coincides with the exchange’s aspirations to go public, with Ripple among the financial institutions supporting Gemini.
Gemini XRP Card Arrives Amid IPO Push
Gemini has unveiled the XRP version of its popular credit card through its official website. The company has also highlighted the benefits of using this card. Users can reportedly earn up to 4% back in XRP on all purchases, and the card carries no annual fee.
The announcement follows previous reports from CoinGape about Gemini’s earlier hints about the impending card debut. Besides the elimination of annual fees, the Gemini XRP card also waives foreign transaction fees and crypto reward exchange fees.
The crypto exchange emphasized that the XRP card maintains the same functionality as existing Gemini card options. The company also made note of its “innovative design for the XRP Army” intended to show community support. Furthermore, customers can still opt to earn rewards in Bitcoin or over 50 other cryptocurrencies, with the flexibility to switch between them at any time.
Cameron Winklevoss, one of the exchange’s founders, also shared his excitement about the Gemini XRP card via social media. He encouraged XRP enthusiasts to utilize the credit card’s benefits, emphasizing the opportunity to earn as much as 4% back in XRP with each purchase.
Calling on the XRP Army. This Credit Card 💳 was made for you. Earn up to 4% back in XRP every time you swipe. Onward! 🚀 https://t.co/oeC2Qg1mSG
— Tyler Winklevoss (@tyler) August 25, 2025
Ripple Acknowledges the Card’s Debut
Ripple acknowledged the launch of Gemini’s XRP card on X. The crypto company noted the card’s support for its RLUSD stablecoin for U.S. based trading pairs. Ripple also emphasized how card users can benefit from simple transactions free from additional conversion charges.
The corporation confirmed that the card offers convenient and direct access to digital currency and secure assets. Significantly, Ripple is among the financial backers supporting Gemini’s plans for an IPO. The existing agreement allows Gemini to draw on a credit line of up to $150 million from Ripple.
Recent IPO filings reveal that the digital exchange incurred a net loss of $282.5 million during the first six months of the year. Profitability has been challenging for the exchange over the past two years. Therefore, initiatives like the Gemini XRP card launch could be a strategic move to increase the exchange’s customer base and expand its revenue streams.
The introduction of the Gemini XRP card is already capturing considerable interest from the crypto community. Pro-crypto legal expert John Deaton had predicted before its release that the Gemini XRP Card will be superior to similar products.
Hey @cameron, @tyler, @Pagetgrace and @Natalie_Rix:
I’m going to make a friendly wager and bet the Gemini XRP Card will outdo other cards.
And for the record, I’m not being compensated in any way to offer this friendly wager. 😂 I just know a thing or two about the XRP Army. https://t.co/zJsLJoy9dD
— John E Deaton (@JohnEDeaton1) August 23, 2025
Coingape Staff
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