XRP News: Gemini Co-Founder Endorses XRP Rewards — 4% Cashback Signals Ripple Price Surge

Co-founder of Gemini, Tyler Winklevoss, recently sparked conversation within the crypto sphere by endorsing the XRP rewards program on his platform’s credit card. While many Ripple advocates saw it as favorable news, it brought up historical issues including the Gemini executive’s earlier criticisms about XRP enthusiasts. This controversy emerged alongside broader debates about XRP’s position in the crypto space.

Winklevoss made his remarks following a social media poll from EasyA co-founder Dom Kwok assessing interest in an XRP cashback initiative. An impressive 94.1% showed support, which encouraged Gemini’s marketing lead, Ethan Kimmel, to promote the firm’s credit card offering that includes XRP cashback. Winklevoss then reposted this message, inviting the “Ripple Army” to participate, although the response he received was mixed.

XRP Cashback Initiative Gains Traction Despite Skepticism

The possibility of earning XRP via credit card spending has sparked excitement, with numerous Ripple supporters embracing the program. Gemini credit card provides cashback up to 4%, positioning it among the few mainstream financial tools directly backing XRP. This development indicates growing mainstream acceptance for XRP, especially after the Ripple legal victory.

Calling on the @Ripple Army. Earn XRP back with the Gemini Credit Card 💳 every time you swipe. https://t.co/twrp3HhhzL

— Tyler Winklevoss (@tyler) March 27, 2025

However, significant doubt persists. Many long-standing Ripple supporters remember Gemini’s reluctance to list XRP over several years, often mentioning regulatory uncertainty as the primary reason. The exchange finally included the currency in its platform only in 2023. This occurred after a court decision clarifying XRP was not necessarily a security when traded on secondary platforms. Therefore, some perceive Winklevoss’s recent endorsement as driven by opportunity rather than genuine belief in the cryptocurrency’s future prospects.

Winklevoss’ Past Criticism Resurfaces

Despite what appears to be positive news, the Gemini co-founder’s past interactions with the XRP community have fueled ongoing skepticism. In 2020, he publicly attacked XRP holders, describing some as “dumb trolls” due to their stance against the SEC. Many within the community have not forgotten these statements; thus, some view his current support as an effort to benefit from XRP’s increasing market standing.

The negative reaction intensified after Dom Kwok brought Winklevoss’s prior remarks back into the spotlight, reminding XRP holders about his earlier treatment of them. Several community participants labeled Winklevoss a hypocrite, questioning whether Gemini’s promotion of XRP rewards is motivated solely by profit. Others noted his opposition to including XRP in the U.S. crypto reserve, which further increased suspicion among Ripple followers.

Ripple’s Legal Win Adds Context to Gemini’s Move

The specific timing chosen for Winklevoss’s statement is curious, as it comes after the resolution of Ripple’s legal troubles. A positive ruling has substantially enhanced XRP’s credibility and increased its market valuation. This outcome has made it more appealing to financial organizations and investors seeking new opportunities.

This backdrop has prompted speculation that Gemini’s renewed interest in XRP connects directly to Ripple prevailing in its court proceedings. While the exchange’s support for XRP marks a beneficial step toward broader adoption, many traders maintain a cautious outlook. This enduring distrust implies Gemini and Winklevoss might need further actions to fully convince dedicated XRP holders before their Gemini credit card program achieves broad acceptance.

Ripple’s Future: A Turning Point or Temporary Trend?

Winklevoss’s public backing of XRP rewards signifies a notable development in the industry while also revealing deep-seated tensions. Although Gemini’s credit card plan represents progress toward greater XRP integration into financial systems, earlier disagreements and doubts about underlying motives continue to influence the conversation. After the Ripple legal victory, XRP’s trajectory appears quite promising overall. Nevertheless, whether the community will completely accept Winklevoss’s most recent initiative remains unclear.