Tuesday, 02 January 2024 12:17 GMT

XRP Mastercard To Launch Today Amid Renewed Institutional Momentum


(MENAFN- AsiaNet News)

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

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