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XRP News: Gemini Co-Founder Reveals Good News For Ripple Army

In the latest XRP News, Gemini's Tyler Winklevoss shared positive news for the Ripple army but faced backlash from the XRP community over his past criticisms.
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XRP News: Gemini Co-Founder Reveals Good News For Ripple Army

Highlights

  • In the latest XRP news, Gemini co-founder Tyler Winklevoss recently mentioned the Ripple army.
  • XRP community criticizes Winklevoss over his past criticisms of the blockchain firm.
  • XRP price drops 6% amid broader crypto market selloff.

In the latest XRP news thread, Gemini co-founder Tyler Winklevoss has gained notable traction as he mentioned the “Ripple army” to highlight good news for them. However, despite this, he has faced immense backlash from the community due to his past comments on the Ripple Vs SEC case.

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XRP News: Gemini Pushes For Ripple’s Coin

The discussions on the current development started when Dom Kwok, co-founder of EasyA, conducted an X poll asking users if they would use a card that offers cashback in XRP. Out of over 5,000 participants voting, an overwhelming 94.1% responded positively.

Following the poll, Gemini’s growth marketing lead, Ethan Kimmel, highlighted the company’s existing credit card program. He shared an image showcasing a Gemini card offering “4% back in XRP” on purchases at charging stations. “5,000 people should be signing up today for the Gemini Credit Card,” Kimmel stated.

Meanwhile, Winklevoss further amplified the message, calling on Ripple Army to use Gemini’s card. He stated, “Earn XRP back with the Gemini Credit Card every time you swipe.” However, his statement wasn’t received well by everyone in the XRP community.

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XRP Community Reacts Over Past Comments

Despite Gemini’s new push for XRP, many community members remain skeptical due to Winklevoss’ past remarks. In 2020, he dismissed XRP supporters, stating, “The XRP army has really dumb trolls. By tagging the SEC Enforcement, you are taking the position that Ripple is a security.”

Source: Dom Kwok, X

Dom Kwok, who initiated the poll, resurfaced Winklevoss’ old statement, cautioning XRP holders not to forget past criticisms. “They wanna kick you when you’re down, but kick it when you’re up. Never forget,” he posted, reigniting the debate.

Meanwhile, Gemini refrained from listing XRP for years, citing regulatory uncertainties. However, in 2023, following Ripple’s court victory against the SEC, the exchange finally added the token. While this was seen as a win for XRP, some community members remain wary of Gemini’s true intentions. One critic pointed out the irony of Winklevoss’ latest marketing push, stating, “Calling XRP holders dumb trolls and then trying to get them to use your credit card is as ironic as it gets.”

What’s More?

The backlash doesn’t end there. The XRP community has also highlighted that Winklevoss opposed the inclusion of XRP in the proposed US crypto reserve recently. It further sparked discussions and many have reacted amid the ongoing BTC Vs XRP war.

In addition, as Ripple executives hint towards a potential end in the Ripple vs SEC case, many deem this development behind Winklevoss and Gemini’s latest push. However, despite the positive announcement, XRP price was down nearly 6% today amid a broader crypto market selloff.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

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