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Gemini and Ripple Launch Credit Card Offering Rewards in Crypto

Crypto News

Cryptocurrency exchange Gemini and blockchain company Ripple collaborated to release an XRP Edition of the Gemini Credit Card.

The credit card offers crypto rewards in the form of XRP, which is the digital currency built into the XRP Ledger (XRPL), and is issued by WebBank on the Mastercard network, Gemini said in a Monday (Aug. 25) company blog post.

The XRP Edition of the Gemini Credit Card offers 4% back in XRP on gas, electric vehicle charging and rideshare; 3% back on dining; 2% back on groceries; and 1% back on other purchases, according to the post.

In addition, qualifying purchases at select merchant partners offer as much as 10% back, the post said.

The Gemini Credit Card also offers cardholders access to discounts through the…

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