Introduction
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is promoting its XRP cashback rewards program—an initiative that allows users to earn crypto rewards on eligible transactions. This article explains the program’s details, benefits, and steps to participate.
Gemini’s XRP Cashback Rewards Program
On March 27, Tyler Winklevoss, co-founder of Gemini, announced on X (formerly Twitter) that XRP holders can earn rewards by using the Gemini Credit Card for everyday purchases. The card, launched in partnership with Mastercard in 2021, supports cashback in XRP, Bitcoin, Ethereum, and 50+ other cryptocurrencies.
Key Features:
Tiered Cashback Rates:
- 4% on fuel and EV charging (up to $200/month).
- 3% on dining purchases.
- 2% on groceries.
- 1% on other purchases.
- No Annual Fees: The card has no hidden costs, making it ideal for frequent crypto users.
Why This Matters:
- Boosts XRP Adoption: Incentivizes real-world use of XRP.
- Seamless Rewards: Earned XRP is deposited directly into users’ Gemini trading accounts.
How to Participate
Eligibility:
- Exclusive to U.S. Residents: Currently available only in the United States.
- Credit Score Check: Applicants must meet Gemini’s credit requirements.
Steps to Join:
- Apply for the Gemini Credit Card.
- Spend $3,000 within 90 Days** to unlock up to **$200 in XRP cashback.
- Secure Your Card by June 30, 2025 to qualify for promotional rewards.
👉 Learn more about Gemini’s Credit Card
Other Platforms Offering XRP Rewards
Gemini isn’t the only exchange supporting XRP rewards:
- WhiteBIT: Offers a Visa-enabled debit card with crypto cashback.
- Bit2Me: Provides similar XRP-based incentives.
These programs aim to increase crypto accessibility and solidify XRP’s role in digital payments.
FAQ Section
1. Who is eligible for Gemini’s XRP cashback?
- Only U.S. residents with approved Gemini Credit Card applications.
2. How are rewards paid out?
- XRP is deposited automatically into your Gemini account.
3. Are there fees for the Gemini Credit Card?
- No annual, exchange, or foreign transaction fees.
4. What’s the deadline to qualify for the promotion?
- June 30, 2025.
5. Can I choose other cryptocurrencies for cashback?
- Yes, Bitcoin, Ethereum, and 50+ other cryptos are supported.
6. How does this program benefit XRP adoption?
- Encourages everyday transactions with XRP, boosting its utility.
Conclusion
Gemini’s XRP cashback program is a lucrative opportunity for crypto enthusiasts to earn rewards while supporting broader adoption. With no hidden fees and flexible cashback tiers, it’s a compelling option for U.S.-based users.