Ripple’s XRP coin just got a brand new utility case in the United States, as Gemini debuted a credit card featuring a 4% cashback in XRP. The new MasterCard was applauded by Ripple’s CEO Brad Garlinghouse, who cheered Gemini’s move: “An XRP rewards credit card out in the world?! What a time to be alive, XRP family…”
According to the XRP MasterCard’s terms & conditions, customers can get a 4% cashback on gas, sharing rides and electronic vehicle charging. Wining & dinning guarantees a 3% XRP token cashback, while everyday groceries in physical shops net 2%. On everything else, Gemini’s XRP credit card allows a 1% cashback.
Gemini Shines Over Coinbase On XRP Card Promo
According to the real-time app rankings on the American iOS App Store, Gemini’s crypto exchange just surpassed Coinbase & Robinhood, two mainstream crypto exchanges regulated in the United States (USA). Gemini now ranks 11th, while Robinhood dropped to 18th position, showcasing how one successful product launch can flip the tables around.
Amidst a series of legal winnings, Ripple’s native coin price has recently tapped a new all-time record at $3.65. However, the latest two-week period brought a harsh market correction for most big-cap altcoins, including Ripple coin. The OG altcoin pulled back exactly 20% from mid July’s milestone, slumping below $3, seen by many crypto whales as a favorable entry point.
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A credit card by Gemini, issued by WebBank on Mastercard, offering up to 4% XRP rewards on purchases, with no annual or foreign transaction fees.
To leverage Ripple coin’s reward returns and boost its real-world adoption among crypto enthusiasts in the United States.
Brad Garlinghouse posted on X, excited about the card’s launch, calling it a big moment for the XRP community.
Earn 4% XRP on gas/EV/rideshare, 3% on dining, 2% on groceries, 1% on others, with rewards deposited in a Gemini wallet.
For now, the card is only available to United States (USA) residents, integrating crypto rewards with everyday spending.
