Gemini partners with Ripple to launch XRP credit card, offering cashback rewards for purchases

Crypto exchange Gemini has partnered with Ripple to launch an XRP credit card, offering users cryptocurrency rewards on a variety of purchases. Similar to Gemini's other cash back cards, the card, issued by WebBank, allows cardholders to earn up to 4% cash back in XRP on gas, electric vehicle charging, and ridesharing purchases, 3% cash back on dining, 2% cash back on groceries, and 1% cash back on other transactions. Gemini stated that they are also partnering with select merchants to offer up to 10% cash back on eligible purchases. The exchange has also expanded the use of Ripple's RLUSD stablecoin as a base currency for spot trading pairs for US users.