The focus of the XRP community was locked on August 25th after a massive New York City sign revealed the launch of the XRP Mastercard. Issued by Webbank and powered by Gemini, the card promises to deliver up to 4% cashback on XRP on daily purchases.
Gemini teased the announcement at X, “preparing the bag” and hinted at one of the boldest XRP-focused products ever.
In particular, the revelation comes after multiple teasers from X’s Exchange over the past few weeks. Excitement wiped out the XRP community after finally letting the cat out of its bag on Thursday. The post from Gemini attracted over 2.2 million views.
Prepare the bag. pic.twitter.com/puzpmazxwz
– Gemini (@gemini) August 21, 2025
Deaton: “This card surpasses the rest.”
Professional XRP lawyer John Deaton excited his voice at the building that he expected the Gemini XRP Mastercard to surpass all other crypto cards on the market.
Although he realized his bet was not bound by “friendly” compensation, Deaton emphasized his confidence in the XRP community, saying he “knows one or two things about the XRP army.”
Hey @cameron, @tyler, @pagetgrace, @natalie_rix:
I have made a friendly bet and am sure my Gemini XRP card will outweigh the others.
And for the record, I have never been compensated to offer this friendly bet. I know one or two things about the XRP army. https://t.co/zjsljoy9dd
-John E Dealon (@Johnedeaton1) August 23, 2025
Gemini’s U-turn on XRP
This launch marks a complete strategic reversal in Gemini’s stance on XRP. The exchange has rejected the list of tokens for many years, adding it only after the 2023 US court ruling clarified the legal status of XRP. Since then, Gemini has been accepting more XRP with several XRP promotions and campaigns after the list. Now it’s being pushed into consumer financial products.
Market analysts are noting that card designs could create a strong new source of demand for XRP. By linking cashback directly to XRP, every time you purchase through your card, there will be a new source of demand for your assets.
Another analyst caused a 20% surge in SoL prices in 2023 compared to Visa’s partnership with Solana. They see similar pumps being played for the XRP.
Related: XRP gets a purchase signal because it’s $9 because it could be an analyst’s eye
With the start date set late on the upcoming Monday, excitement continues to accumulate throughout the XRP community. Some view Gemini XRP MasterCard as a mainstream verification of token use cases. For others, like John Deaton, it’s a gamble that the XRP military will ultimately see its own consumer product outweigh the competition.
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