Gemini, the cryptocurrency exchange, submits an application for an Initial Public Offering (IPO) on the Nasdaq Stock Market, aiming to sell up to 16.7 million shares.

In a groundbreaking move, Gemini, the cryptocurrency exchange, has partnered with Ripple to introduce a co-branded credit card. This new consumer product, rolled out as Gemini prepares for its public debut, is set to bring XRP into everyday payments.

The credit card, issued by WebBank and running on Mastercard's network, carries no annual fee, no exchange fee, and no foreign transaction fee. Partner merchants may offer up to 10% back in rewards, paid directly in XRP and deposited into a Gemini wallet.

Early applicants approved by June 30, 2025, are eligible for a $200 XRP bonus after spending $3,000 within the first 90 days. This incentive is designed to attract early adopters and encourage the use of XRP in everyday transactions.

Gemini's foray into the credit card market has been backed by a number of financial institutions. Goldman Sachs & Co. LLC and Citigroup served as lead bookrunners for Gemini Space Station Inc.'s Initial Public Offering, with Morgan Stanley and Cantor also playing key roles. Additional banks involved as bookrunners include Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, KBW, Needham & Company, Rosenblatt, Academy Securities, AmeriVet Securities, and Roberts & Ryan.

This collaboration marks a significant step in the integration of cryptocurrencies into mainstream finance, making XRP a more accessible and convenient option for everyday spending. With its attractive rewards system and fee-free structure, the Gemini Ripple credit card is poised to revolutionise the way consumers interact with cryptocurrencies.