Ripple has officially launched the XRP credit card, offering unique benefits to its users including earning cashback in cryptocurrency.
XRP Credit Card and Gemini Partnership
The XRP credit card, launched in partnership with Gemini, was officially revealed on August 25. It is issued through WebBank under the Mastercard World Elite program. The card allows users to earn cashback in XRP up to 4%. Additionally, partnerships with select merchants enable users to receive up to 10% cashback in XRP on certain purchases. There are no annual fees, no foreign transaction fees, and no fees for receiving rewards in cryptocurrency.
Community Discussion and Reactions
The launch of the credit card prompted active discussions among XRP supporters. The community is sharing their experiences and card photos. One comment highlighted that Schwartz's XRP-themed outfit was nearly complete, joking about the absence of official XRP underwear. This card marks a significant step for the company in promoting Ripple's technology and expanding the reach of the cryptocurrency.
Significance for Ripple and Next Steps
The launch of the credit card comes at a time of recent legal success for Ripple in its court battle with the U.S. Securities and Exchange Commission. Ripple CEO Brad Garlinghouse emphasized that the card enables users to easily make everyday purchases and engage with the XRP ecosystem. This underscores the company's further push towards practical use cases for its technology.
The XRP credit card represents an important addition to Ripple's ecosystem, creating new opportunities for users and promoting broader acceptance of XRP in everyday financial structures.
