XRP Credit Card By Gemini Goes Live Amid Ripple-Backed IPO Plans

Crypto exchange Gemini has introduced an XRP credit card featuring incentives aimed at attracting XRP holders. The launch comes as Gemini prepares for its initial public offering, with Ripple among the companies providing financial backing to the exchange. This news credit comes with interesting 4% rewards on every spend.

Gemini XRP Card Launches Amid IPO Plans

Gemini introduced the XRP edition of its Credit card on its website. The exchange further revealed some perks that come with using the card, including the fact that users can earn up to 4% XRP back on every purchase with no annual fee.

This follows an earlier CoinGape report about Gemini’s hint about the card launch. In addition to the zero annual fee feature, the Gemini XRP card also has zero foreign transaction fees and no exchange fees to acquire crypto rewards.

Meanwhile, the crypto exchange revealed that the XRP card functionality remains the same as all current Gemini cards in the market. However, it noted the “innovative design for the XRP Army” to show their allegiance. Furthermore, cardholders can still earn bitcoin or over 50 cryptos back, and can swap them anytime.

In an X post, Cameron Winklevoss, one of the exchange’s co-founders, also commented on the Gemini XRP card launch. He called on the XRP Army to take advantage of the credit card’s features, noting that they can earn up to 4% back in the altcoin every time they use the card.

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 Reacts To The Card Launch

In an X post, Ripple reacted to the launch of the Gemini XRP card. The crypto firm noted that the card supports its RLUSD stablecoin for U.S. spot trading. Furthermore, Ripple highlighted how users can enjoy simplified trading at no extra conversion fees.

The firm also stated that the card will provide fast and simple access to crypto and stable value. It is worth noting that Ripple is currently one of the backers of Gemini’s IPO plans. Both parties have an agreement under which the crypto exchange can take up to $150 million credit line from Ripple.

Meanwhile, the crypto exchange’s IPO filing has revealed a net loss of $282.5 million in the first half of the year. It has also struggled to turn a profit over the last two years. As such, moves like the launch of the Gemini XRP card might be strategic in a bid to boost the exchange’s user base and grow its revenue sources. 

The launch of the Gemini XRP card has already attracted significant attention from the crypto community. Before the card’s launch, pro-crypto lawyer John Deaton had opined that the Gemini XRP Card would outdo other cards.

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