Gemini has launched the XRP Edition of its credit card in collaboration with Ripple and WebBank, offering U.S. users up to 4% cashback in XRP.
Introduction to the XRP Card
Gemini has announced the launch of its XRP credit card in the U.S. This card provides users with the chance to earn up to 4% cashback in XRP. This initiative expands the rewards program for cryptocurrency enthusiasts.
Gemini and Ripple Partnership
The launch represents a significant collaboration between Gemini, Ripple, and WebBank. Tyler Winklevoss, CEO of Gemini, remarked, "We’re giving customers and the XRP Army new ways to earn XRP and express their passion and loyalty."
Market Impact and XRP
This initiative could enhance XRP adoption and activity in the cryptocurrency market. The cashback program in XRP is expected to strengthen customer loyalty and might positively impact crypto transaction volumes. Additionally, the card leverages a $75 million Ripple credit facility which may boost transaction stability.
The launch of the XRP credit card by Gemini marks a significant event for the cryptocurrency market, providing users with new earning opportunities and increasing XRP usage.
