Hybrid financial product set for 2026 launch
Gemini, the U.S.-based crypto exchange, has teamed up with Ripple, a leader in blockchain payment solutions, to launch an XRP-powered credit card. The announcement was made on August 25, 2025, at 9:30 PM IST.
Key Takeaways
- Gemini and Ripple plan to launch an XRP-powered credit card in early 2026.
- The card offers up to 4% cashback in XRP across multiple spending categories.
- Ripple provides the XRP Ledger for fast, low-cost transactions; Gemini manages onboarding and infrastructure.
- The move could disrupt the credit card industry and accelerate crypto payment adoption.
Expected in early 2026 pending regulatory approval, the card will allow users to spend XRP and other digital assets in daily transactions. Cashback rewards will be issued in XRP: 4% on gas, charging, and rideshare, 3% on dining, 2% on groceries, and 1% on all other purchases.
Bridging traditional finance and DeFi
The partnership combines Ripple’s expertise in cross-border payments with Gemini’s strong exchange infrastructure. Together, they aim to offer a competitive financial product that merges traditional credit services with decentralized finance.
The move follows Ripple’s earlier support for Gemini’s IPO filing with the U.S. SEC, highlighting a deepening partnership. It also comes as XRP’s price remains steady above $0.60, supported by past legal victories and institutional demand.
Implications for global payments
Analysts suggest the Gemini-Ripple card could disrupt the traditional credit card market by reducing costs and enhancing rewards. It may also drive liquidity for XRP as more users adopt the asset for payments, particularly in remittance-heavy regions like Asia and Latin America.
Looking ahead, the card’s success could accelerate regulatory clarity and encourage other banks to enter crypto payments. If adoption grows, XRP could solidify its role as a bridge currency, positioning Ripple and Gemini as pioneers in integrating digital assets into everyday finance.
