NEW YORK–Cryptocurrency exchange Gemini and blockchain company Ripple have joined to release an XRP Edition of the Gemini Credit Card that offers crypto rewards in the form of XRP, which is the digital currency built into the XRP Ledger (XRPL), and is issued by WebBank on the Mastercard network.
According to Gemini, the XRP Edition of the Gemini Credit Card offers 4% back in XRP on gas, electric vehicle charging and rideshare; 3% back on dining; 2% back on groceries; and 1% back on other purchases, according to the post.
In addition, qualifying purchases at select merchant partners offer as much as 10% back, the company said.
Discounts Offered
The Gemini Credit Card also offers cardholders access to discounts through the World Elite Mastercard program, per the post.
Gemini unveiled the Gemini Credit Card in January 2021, saying cardholders would be able to use the card everywhere major cards are accepted, earn rewards in crypto on every purchase and more easily invest in crypto.
Walmart Adds Card
Meanwhile, Walmart has launched a new credit card, the OnePay CashRewards Card, which has a $0 annual fee and earns unlimited 5% cash back at Walmart for Walmart+ members.
The OnePay CashRewards Card is issued by Synchrony Bank and will earn 3% cash back at Walmart if the cardholder is not a Walmart+ member, plus 1.5% cash back on all other purchases.
The OnePay CashRewards Card has a welcome bonus of $35 cash back when you spend $75 in the first 30 days of account opening. The bonus is only available to new accounts, and the $75 total can be spent in one or more purchases.
The cash back will be rewarded as points, which can then be redeemed as a statement credit or deposited as cash into a OnePay Cash Account, according to Walmart.
