Solana News: Gemini Launches SOL Edition Credit Card Following XRP Card Success

Crypto exchange Gemini has announced the launch of its Solana Edition Credit Card. The card lets users earn and stake SOL rewards automatically. This comes after the success of its XRP-branded card.

Gemini Unveils Solana-Themed Credit Card

In a new development, Gemini unveiled its Solana edition of the Credit Card. This allows customers to earn up to 4% back in SOL on eligible purchases while staking rewards for additional yield. 

Designed around the coin’s visual identity, the new card represents the exchange’s latest step toward integrating blockchain-native utility into everyday spending.

The launch follows the exchange’s earlier rollout of the XRP Edition Credit Card. This also offers users up to 4% back in XRP with no annual fees. The XRP version has been credited for helping Gemini expand its rewards ecosystem and attract retail users interested in passive crypto accumulation through everyday purchases.

Notably, through the exchange’s Vault Rewards program, SOL cardholders can unlock even higher benefits of up to 10% back with select merchants. This will depend on monthly spending thresholds and active promotions.

For the first time, users can enable automatic staking of their Solana rewards directly from their accounts, with potential yields of up to 6.77%. This process requires no manual transfers or third-party wallets.

New applicants can activate auto-staking at sign-up, while existing customers can opt in anytime when choosing the altcoin as their preferred reward asset.

The card also maintains the crypto exchange’s core benefits. This includes compatibility with more than 50 cryptocurrencies, such as Bitcoin and Ether, instant crypto rewards, and no annual or foreign transaction fees. Additionally, cardholders receive benefits and discounts from significant partners like Booking.com, Lyft, and many more.

Gemini Expands Its Crypto Ecoystem

Beyond its token partnerships, the exchange continues to advance its global expansion and regulatory strategy. Malta granted Gemini a MiFID II license back in May, opening the door for the company to sell cryptocurrency derivatives throughout the EU.

Co-founders Cameron and Tyler Winklevoss have also been active on the political and investment fronts. The founders donated Bitcoin worth $21 million to support pro-crypto policy initiatives in the U.S.

In a further show of strength, Nasdaq has invested $50 million ahead of Gemini’s upcoming IPO. This reflects mainstream financial confidence in the exchange’s long-term potential.

The exchange’s new product is also part of a broader integration strategy with Solana’s high-performance network. Last month, the exchange announced support for USDC and USDT transfers on SOL network. This would allow users to transact with stablecoins faster and at lower costs.