XRP-Mastercard starts: “Coinbase flipping” thanks to Ripple fans

INFBusiness
29.08.2025
News

For Ripple Labs, 2025 is a year of success. Whether it's the lenient outcome of the multi-year legal battle with the SEC, numerous new institutional partnerships, or the launch of the XRP Futures ETFs in the US, the San Francisco-based company seems to be succeeding at everything at the moment.
Gemini, the crypto exchange owned by the Winklevoss twins, is now also benefiting from a collaboration with Ripple. After launching a credit card with XRP rewards, it has overtaken its major rival Coinbase in the app store charts.
According to data from Sensor Tower, Gemini immediately surpassed Coinbase in the US finance rankings following the announcement and is now ranked 12th in downloads. Coinbase boasts three times the daily trading volume.
Gemini's advertising promise: “With this limited-edition metal card, you'll instantly earn up to 4 percent back in XRP. No waiting, just stacking.” This is clearly a tempting offer for many Ripple and crypto enthusiasts.
Bitcoin billionaire and Gemini co-founder Tyler Winklevoss speaks of a “Coinbase flippening,” while Ripple CEO Brad Garlinghouse enthusiastically declares: “An XRP rewards credit card on the market?! What an exciting time, XRP family!”
The XRP promotion comes just weeks after Gemini announced its IPO plans. The crypto exchange filed an application with the SEC to list its Class A common stock on the Nasdaq Global Select Market.
Another company in the industry, Bullish, recently celebrated a successful IPO, raising $1.1 billion. Back in June, stablecoin issuer Circle's debut on the New York Stock Exchange caused quite a stir.
Timely SEC approval of the XRP spot ETF applications is likely to be crucial for the future price development of the Ripple coin. Learn more in this article: Ripple ETFs Ahead: Is Wall Street Now Rushing to XRP?

Recommended Video Bitcoin Falls Below 110,000 – Is Everything Now Flowing into Ethereum?