Explore Gemini’s Innovative XRP Cashback Program
At the forefront of cryptocurrency innovation, Gemini, the exchange established by the renowned Winklevoss twins, is actively promoting its XRP cashback initiative. This program is designed to offer enthusiastic crypto users the opportunity to earn rewards on their XRP transactions. Dive into the program details and learn how to become a part of this exciting journey.
Unveiling the XRP Cashback Rewards by Gemini
On March 27, Tyler Winklevoss took to X (formerly known as Twitter) to remind the vibrant XRP community about the potential to earn XRP rewards when utilizing the Gemini Credit Card for purchases. Launched in collaboration with Mastercard in 2021, this credit card empowers users to select from a variety of cryptocurrencies such as Bitcoin, Ethereum, XRP, and over 50 others, for cashback rewards.
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Since integrating XRP into its extensive crypto cashback repertoire in August 2023, Gemini has steadfastly supported this major cryptocurrency, appealing to crypto enthusiasts eager to diversify their portfolios. The XRP community warmly received the announcement by Winklevoss regarding these lucrative cashback opportunities.
Tyler Winklevoss elaborated that with the Gemini Credit Card, users can accumulate crypto rewards each time they spend fiat currency. However, this feature is currently exclusive to United States residents. He also shared his personal satisfaction with the card, having accumulated significant crypto rewards over time.
Understanding the Cashback Rates
The cashback structure of Gemini’s Credit Card is tiered based on purchase categories:
- 4% XRP cashback on gas and EV charging, applicable up to $200 monthly.
- 1% XRP cashback on fuel and EV charging beyond the monthly limit.
- 3% cashback on dining, 2% cashback on groceries, and 1% cashback on all other purchases.
As XRP continues its path towards broader acceptance, the Gemini cashback program enhances its practical utility, fostering greater usage and investment opportunities.
Currently, XRP is valued at $2.13, as indicated by TradingView charts. Notably, Gemini is not alone in this endeavor; other exchanges like WhiteBIT and Bit2Me are also incorporating XRP into their reward schemes. By offering XRP cashback, Gemini and similar platforms aim to make cryptocurrency more accessible, expedite its adoption, and solidify XRP’s position as a digital payment solution.
Steps to Join Gemini’s XRP Cashback Program
To participate in Gemini’s enticing XRP rewards program, users must first qualify for the Gemini Credit Card, contingent on their credit score. Approved applicants need to obtain their cards by June 30, 2025, to be eligible for the promotional offer.
Additionally, new cardholders have the chance to receive up to $200 in XRP cashback when they spend a minimum of $3,000 within the first 90 days. Once earned, the XRP rewards are directly deposited into users’ trading accounts at Gemini, offering the flexibility to hold, trade, or sell at their discretion. Notably, the Credit Card does not impose any annual, exchange, or foreign transaction fees, allowing users to continually expand their crypto portfolios.
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