Gemini’s XRP Credit Card Could Boost App Rankings and Adoption, But Financial Strains May Limit Momentum

• Instant XRP rewards up to 4% and partner retailer offers up to 10% back

• Gemini’s app jumped into the top 16 finance apps in the U.S. App Store following launch

• Ripple provided a $75M credit facility tied to the card; RLUSD ranks among top six dollar-pegged tokens by market cap

Gemini XRP credit card: limited-edition Mastercard gives up to 4% back in XRP, boosts app ranking—apply to earn crypto rewards instantly. Learn more on COINOTAG.

What is the Gemini XRP credit card?

The Gemini XRP credit card is a co-branded, limited-edition Mastercard issued by WebBank that delivers up to 4% back in XRP for U.S. customers and immediate reward crediting. The product is positioned to drive adoption of XRP and Ripple’s RLUSD stablecoin while integrating crypto-native rewards into everyday spending.

How did the launch attract users?

The card launch triggered a notable surge in app downloads and usage, pushing Gemini above Coinbase into the top 16 U.S. finance apps. Immediate XRP payouts and retailer partnerships offering up to 10% back created strong short-term incentives for both existing crypto users and new entrants.

Why did Ripple support the product?

Ripple backed the initiative with a $75 million credit facility tied to card issuance, expandable to $150 million, to underwrite growth. Ripple positions the card as a vehicle to strengthen the XRP Ledger in payments and expand RLUSD use cases for borrowing and settlement.

How is Gemini performing after the launch?

Timing the card with growing demand for crypto-native financial products helped Gemini briefly overtake competitors in app-store rankings. However, company financials remain strained: Gemini reported a $282.5 million net loss in H1 2025, up from a $41.4 million loss the previous year.

What role does RLUSD play in the product?

RLUSD, Ripple’s dollar-pegged token, is available for U.S. spot trading and integrated into Gemini’s borrowing options. With a market valuation above $640 million, RLUSD has risen to rank among the top six dollar-pegged tokens, supporting on‑ and off‑ramp functionality tied to the card ecosystem.

Frequently Asked Questions

Can rewards be used immediately after purchases?

Yes. Gemini states that XRP rewards are credited immediately after qualifying purchases, removing common delays found in traditional credit card point systems.

Will this card change Coinbase’s market position?

The card caused a temporary app-store ranking shift, moving Gemini above Coinbase in U.S. finance charts. Sustained competitive impact will depend on broader market conditions and Gemini’s financial recovery.

Key Takeaways

• Instant XRP rewards: Up to 4% back in XRP with select retailers offering up to 10%.
• Ripple support: $75M credit facility (expandable) tied to issuance helps growth and liquidity.
• Market impact: Short-term app-store ranking gains for Gemini, but company losses highlight ongoing financial challenges.

Conclusion

The Gemini XRP credit card introduces crypto-native rewards with up to 4% back in XRP and aims to broaden RLUSD and XRP use cases in payments. While the launch produced measurable user growth and app-store gains, Gemini’s wider financial performance will determine long-term adoption and competitive standing. Follow COINOTAG for updates and data-driven coverage.