Gemini's XRP Credit Card Drives Record $8.5M Quarter, Leads Customer Engagement

Published at 2025-11-14 12:40:24

Gemini said its XRP credit card powered a record quarter, delivering $8.5 million in profit and outpacing other products in customer engagement and growth. The company attributes the lift to higher card usage and retention among users attracted to XRP rewards and integrated on‑ramp/off‑ramp features, making the card a standout revenue driver for the exchange.

The result underscores demand for crypto-native payment offerings and gives XRP greater visibility in everyday spending, while strengthening Gemini's monetization mix. Investors and competitors will watch whether this momentum continues as broader market conditions and regulatory developments evolve. For consumers, the performance signals increasing mainstream traction for card-based crypto rewards, though volatility and policy risks remain relevant considerations.

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Kraken is the first digital-asset firm granted direct access to the Federal Reserve’s primary payments system, enabling direct USD settlement and faster bank-grade transfers. The move marks a milestone in institutional integration and could reduce settlement friction for crypto markets.

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Russia Mulls Legal Framework for Stablecoin Payments, Bans Crypto Payments

Russian authorities are considering legalizing payments with fiat‑pegged stablecoins while moving to prohibit traditional cryptocurrencies for payment use. Stablecoin transactions could be governed by a dedicated legal framework to follow broader crypto legislation.

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Published at 2026-03-04 11:01:08

Binance Seeks Five More APAC Licenses in Major Asia Push

Binance plans to secure five additional operational licenses across the Asia-Pacific by the end of 2026, intensifying its regional expansion and regulatory engagement. The move follows the exchange's broader strategy to normalize local operations and grow product access.

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Published at 2026-03-04 08:00:10

AI Agents Prefer Bitcoin in Nearly Half of Responses, Stablecoins Lead for Payments

A Bitcoin Policy Institute study of 36 AI models published March 3, 2026 found Bitcoin was the top monetary choice in 48% of responses, while payment-specific prompts saw over half of models favor stablecoins.

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Published at 2026-03-04 04:00:46

Trump Urges Banks to Back GENIUS Act, Calls Weakening 'Unacceptable'

Donald Trump urged banking groups on March 3 to “strike a favorable deal” with the crypto industry and warned any effort to weaken the GENIUS Act is “unacceptable.” His intervention raises political pressure as lawmakers negotiate the stalled bill.