Gemini has launched an XRP credit card that rewards users with up to 4% back in XRP. The move comes as the exchange pushes forward with its IPO plans. Ripple, one of its financial backers, is supporting the strategy through a $150 million credit line.

Gemini XRP Card Launches Amid IPO Plans

Gemini unveiled the XRP edition of its credit card on its website. Users can earn up to 4% XRP back on every purchase, with no annual fee attached. The card also carries no foreign transaction charges and no exchange fees for crypto rewards.

The exchange said the new XRP card mirrors the functionality of its existing credit cards. However, it features an exclusive design aimed at the “XRP Army” to highlight loyalty to the token. Cardholders can still choose to earn rewards in Bitcoin or more than 50 other cryptocurrencies, with the option to swap them anytime.

Cameron Winklevoss, Gemini’s co-founder, announced the launch on X. He urged the XRP community to take advantage of the card, stressing that users can get up to 4% back in XRP on every purchase.

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

Ripple responded to the credit card debut, noting its support for RLUSD, the firm’s U.S.-backed stablecoin. The company explained that the XRP card allows users to trade easily without added conversion costs. Ripple emphasized that the card enables fast and direct access to both crypto rewards and stable value.

Ripple’s involvement in Gemini’s IPO funding is also a key factor. Under their partnership, Gemini can access up to $150 million in credit from Ripple. This move shows Ripple’s strong alignment with Gemini’s growth strategy.

Gemini’s IPO Challenges

Gemini announced a loss of 282.5 million dollars in the first half of 2025, as noted in the IPO filing. It has experienced the last two years of unprofitability. Consequently, the XRP credit card could be a strategic move in the quest to increase the number of users and income.

The exchange anticipates that the launch would help it get more users and build its competitive advantage. Before the actual launch, attorney John Deaton said the Gemini XRP Card was likely to perform better than other crypto cards available, due to the reward system and design.

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

Market Impact and Community Reaction

The launch has already gained the interest of the wider crypto community. Supporters see the XRP card as the next step between the digital assets and the usual financial products. Most of the users expressed that the card that Gemini offers would actually be more purposeful than cashback alternatives because of the potential of crypto growing.

Meanwhile, the fact that Gemini is not that profitable heats up the initiative. It is yet to be seen whether the XRP card can help push up the contingent of users significantly. Nevertheless, with the support of Ripple on the one hand, and the intentions by Gemini to continue with the IPO, the move is an important milestone in the crypto carding world.