Gemini, the prominent cryptocurrency exchange founded by the Winklevoss twins, has unveiled an attractive XRP rewards program offering up to 4% cashback on purchases. This strategic move comes as XRP’s price shows bullish momentum, potentially amplifying the value proposition for cardholders.
Key Program Benefits and Reward Structure
The Gemini Credit Card, launched in partnership with Mastercard, offers a tiered reward structure that includes:
- 4% XRP cashback on gas and EV charging (up to $200 monthly)
- 3% XRP rewards on dining purchases
- 2% XRP cashback on grocery shopping
- 1% XRP rewards on all other purchases
Eligibility Requirements and Application Process
To participate in the XRP rewards program, users must:
- Be U.S. residents
- Meet credit score requirements
- Secure their card by June 30, 2025
- Spend $3,000 within 90 days for bonus rewards
Market Impact and Industry Trends
This initiative aligns with the growing trend of crypto-rewards cards and could significantly impact XRP adoption. The program launches as traditional financial institutions increasingly embrace digital assets, potentially creating a more favorable environment for crypto-based financial products.
FAQ Section
How are XRP rewards calculated?
Rewards are calculated based on purchase categories and automatically deposited into your Gemini trading account.
Can rewards be converted to other cryptocurrencies?
Yes, once deposited, XRP rewards can be traded for other supported cryptocurrencies on the Gemini platform.
Are there any annual fees?
No, the Gemini Credit Card has no annual, foreign transaction, or exchange fees.
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