What to Know:
- •Gemini aims for 25% stock rise with Ripple-backed crypto card.
- •Crypto adoption boosts trading activity for XRP, RLUSD.
- •EU license enhances regulatory framework for Gemini's expansion.
Gemini is poised for a 25% stock increase, driven by its crypto reward card rollout and a newly granted EU license, enhancing both cryptocurrency adoption and institutional engagement.
The expected stock rise reflects increased transaction volumes in XRP and RLUSD, bolstered by regulatory progress and innovative product offerings, signaling robust market interest.
Gemini, with Ripple's support, plans a 25% stock increase via its new crypto reward card and EU license acquisition.
The initiative is expected to increase crypto adoption, spur market engagement, and enhance Gemini’s market presence, as seen in past crypto card launches.
Gemini and Ripple Launch $150 Million-Backed Card
Gemini, co‑founded by Tyler and Cameron Winklevoss, is launching a crypto reward card with Ripple's $150 million credit backing. The card leverages XRP and RLUSD for rewards. “The Gemini Credit Card is a bridge to the future of finance,” said Tyler Winklevoss, Co‑founder & CEO of Gemini. Both Gemini's impending EU license and Ripple's collaboration aim to transform financial interactions. Together, Gemini and Ripple position the card as a financial innovation.
119% Spike in XRP Trading Volume Post‑Launch
The card launch has led to a 119% rise in XRP's trading volume, suggesting strong market interest. Gemini anticipates increased user engagement. Ripple and Gemini’s cooperation boosts blockchain utility, notably for XRP in cross‑border payments. Regulatory clarity helps sustain renewed institutional interest.
Crypto Card Strategy Mirrors Crypto.com Success
Gemini and Ripple's move echoes earlier successes like Crypto.com's rewards card. Historical use shows initial volumes spike, reflecting successful product uptake. Based on prior trends, Gemini may benefit from institutional inflows, replicating prior industry momentum. Data supports continued user growth and financial innovation.