Gemini Builds Momentum After XRP Success With New Solana Credit Card

CN
12 hours ago

Momentum around crypto-integrated payment tools continues to accelerate as Gemini builds on the strong reception of its XRP credit card launch with a new blockchain-branded addition. Following the success of its XRP edition, cryptocurrency exchange Gemini announced on Oct. 20 the debut of the solana edition of the Gemini Credit Card, introducing automatic staking for solana ( SOL) rewards.

Gemini detailed the reward structure of its newest card:

With the solana edition of the Gemini Credit Card, customers can earn up to 4% back in solana on gas, EV charging and rideshare, 3% back on dining, 2% back on groceries, and 1% back on other purchases.

This tiered rewards structure is identical across all Gemini Credit Card editions, regardless of the cryptocurrency chosen. Every version of the card provides the same cashback rates, allowing users to earn in more than 50 supported cryptocurrencies. The only distinction is in the blockchain-specific features—the solana edition introduces automatic staking, while the XRP edition focuses on instant crypto payouts.

“In addition, we are partnering with select merchants to offer up to 10% back on qualifying purchases for all Gemini Credit Card holders,” the company added, noting that these merchant rewards apply universally to all cardholders.

The crypto exchange continued:

For the first time, Gemini customers will also be able to automatically stake their solana credit card rewards directly.

“With the addition of this feature, Gemini Credit Card users earn a reward by locking up their cryptocurrency to secure the solana network by participating in validating transactions and maintaining the network’s security,” Gemini stated. The company pointed out that solana’s strong developer ecosystem and growing role in blockchain infrastructure made it a logical choice for this expansion.

The solana edition follows Gemini’s earlier XRP card launch, issued by Webbank on the Mastercard network. Both editions share the same base program and zero-fee structure, including no annual or foreign transaction fees, while providing access to Mastercard World Elite benefits. Together, they underscore Gemini’s strategy to make crypto rewards a mainstream financial feature bridging traditional and decentralized finance.

  • What is the Gemini Solana Credit Card and how does it differ from other crypto cards?
    The Gemini Solana Credit Card offers up to 4% back in solana ( SOL) with automatic staking, allowing users to earn passive rewards while supporting the Solana blockchain’s network security.
  • Why is Gemini integrating solana into its credit card rewards program?
    Gemini chose Solana for its strong developer ecosystem and rapid blockchain infrastructure growth, aligning with the company’s goal to expand crypto use in everyday financial products.
  • What rewards and benefits do investors and users get from the Gemini Solana Credit Card?
    Users can earn up to 4% cashback in SOL, participate in staking for additional yield, and enjoy zero annual or foreign transaction fees plus Mastercard World Elite benefits.
  • How does this launch reflect Gemini’s broader crypto-finance strategy?
    The Solana edition builds on the XRP card’s success, signaling Gemini’s push to normalize crypto-integrated payments and merge traditional banking with decentralized finance opportunities.

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