Gemini Launches New XRP-Backed Credit Card Offering 10% Cashback, Partners with Ripple for Global Expansion

Gemini has unveiled a new credit card that rewards customers with up to 10% back on purchases in XRP. The move coincides with the exchange’s public listing plans and signals a push into global markets. Users can earn cashback on various categories including gas, rideshares, dining, groceries, and general purchases. The card, issued by WebBank, is part of Gemini’s broader strategy to engage XRP supporters while partnering with Ripple for increased access to the US dollar stablecoin, RLUSD. This integration allows seamless trading between RLUSD and other assets without needing extra conversions. The partnerships come at a pivotal time for Gemini, with recent approval for MiCA license in Malta paving the way for expansion into Europe. Despite financial challenges, the company is banking on these collaborations to boost adoption and attract investors ahead of its IPO.