Gemini Promotes XRP Cashback Program
Gemini, the cryptocurrency exchange established by the Winklevoss twins, is actively promoting its XRP cashback initiative, which rewards users with cryptocurrency for transactions made using XRP. This program enables qualified users to accumulate rewards through their XRP activities. Below, we explore the specifics of the program and explain how interested individuals can participate.
Winklevoss Highlights XRP Cashback Benefits
On March 27, Tyler Winklevoss took to X (formerly known as Twitter) to remind the XRP community and supporters of Ripple that they can earn XRP rewards when they make purchases using the Gemini Credit Card. Introduced in collaboration with Mastercard in 2021, the Gemini credit card allows users to select from a range of cryptocurrencies, including Bitcoin, Ethereum, and XRP, among over 50 other digital assets, to receive cashback. Following the inclusion of XRP in its diverse cashback portfolio in August 2023, Gemini has consistently backed this major cryptocurrency, appealing to crypto enthusiasts. Winklevoss’s announcement about the credit card rewards was met with enthusiasm from the XRP community. He noted that users can earn crypto rewards every time they spend conventional currency, although this feature is currently limited to U.S. residents. The Gemini founder also shared his positive personal experience with the credit card, mentioning that he has accumulated substantial crypto rewards over the years through the cashback program. The Gemini Credit Card offers varying cashback rates based on the type of purchase. Users can earn up to 4% cashback in XRP for gas and electric vehicle (EV) charging, capped at $200 per month, while a 1% cashback rate applies to fuel purchases exceeding this monthly limit. Additionally, cashback rates of 3%, 2%, and 1% are available for dining, groceries, and other purchases, respectively.
Enhancing XRP’s Usability Through Cashback Rewards
As XRP seeks to gain broader acceptance, the cashback initiative from Gemini serves to enhance its functionality, fostering increased usability and investment interest. Currently, XRP is trading at $2.13. Notably, Gemini is not alone in integrating XRP into its rewards offerings; other exchanges such as WhiteBIT and Bit2Me have also launched similar cashback programs. By providing XRP cashback options, Gemini and its counterparts are making cryptocurrency more approachable, accelerating adoption, and reinforcing XRP’s position as a viable digital payment method.
Steps to Engage with Gemini’s XRP Cashback
Gemini has outlined that users wishing to earn XRP rewards through the cashback program must first qualify for the exchange’s Credit Card, which is contingent on their credit score. Applicants who are approved need to obtain their cards by June 30, 2025, to take part in the promotional offer. The exchange has also mentioned that new cardholders can earn up to $200 in XRP cashback by spending a minimum of $3,000 within the first three months. Once these rewards are earned, they will be automatically credited to the users’ trading accounts on Gemini, which allows them the flexibility to hold, trade, or liquidate their XRP as they see fit. Additionally, the Credit Card comes with no annual fees, exchange fees, or foreign transaction charges, enabling cryptocurrency users to continually enhance their portfolios.
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