XRP Mastercard To Launch Today Amid Renewed Institutional Momentum
Synopsis
Funded by a $75 million investment from Ripple and Gemini, the card is expected to offer up to 4% cashback in XRP on everyday purchases.
The XRP community is buzzing after a massive New York City billboard revealed the XRP Mastercard—a new debit card issued by WebBank and powered by Gemini–will launch on Monday.
Funded by a $75 million investment from Ripple and Gemini, the card is expected to offer up to 4% cashback in XRP on everyday purchases. Users can load XRP into a Gemini-linked wallet, with each swipe instantly converted to local currency, reportedly settling in seconds with fees as low as 1%.
Gemini hyped the launch with “Prepare your bags” on X. The move comes after Ripple’s recent SEC victory.
Get updates to this developing story <directly on Stocktwits.<
Read also: Bitcoin Slides To July Levels, Ethereum Retreats From Weekend Highs – $840M Liquidated In Crypto Selloff
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.