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- Gemini’s XRP cashback card promotion has reignited tensions with the Ripple community.
- Tyler Winklevoss faces backlash over past remarks as XRP holders reject Gemini’s offer.
- Community loyalty and long-standing mistrust hinder Gemini’s outreach to XRP supporters.
The recent Gemini initiative to draw XRP users received adverse reactions from the community instead of positive responses. People have expressed backlash against the company because it aims to promote its crypto rewards card that uses XRP for cashback benefits.
Dom Kwok launched a poll about the blockchain education app EasyA through his X platform on Thursday as its COO and co-founder. The survey measured how many people wanted to use a rewards card with XRP as an incentive.
After the initial disclosure, Gemini’s official account pointed out that their credit card enables users to receive crypto rewards that reach up to 4 percent. Tyler Winklevoss encouraged XRP followers to enroll for the XRP rewards card through his personal X account.
Source: @ethankimmel
The XRP-related announcement triggered renewed opposition between XRP supporters and Gemini cryptocurrency supporters. Within the XRP community, members remembered Winklevoss’s statements from 2020 calling XRP holders “dumb trolls.”
The refusal of Gemini to list XRP created more problems between the Ripple team and its supporters. Ripple secured a partial victory against the US Securities and Exchange Commission, after which XRP investors accessed the exchange in 2023.
The same community member explained how Gemini first ignored XRP before they became interested in receiving XRP funds. Some XRP holders challenge the reason for spending their XRP rewards since they anticipate long-term token appreciation.
Previous Hostility Undermines Gemini’s Outreach
Several XRP users on the X platform remain wary of Gemini’s recent initiative. The renewed marketing drive comes months after Tyler Winklevoss criticized the notion of including XRP in a proposed U.S. strategic crypto reserve.
Ripple supporters disliked the token more after this statement because they wanted to protect XRP’s public image. The introduction of XRP on Gemini’s platform failed to mend trust-based problems between the platforms and their users.
The XRP token holders continue to demonstrate antagonism toward exchanging their tokens or spending them. The belief among many XRP holders points toward long-term investments yielding greater profits; thus, they decline using XRP as a form of cashback.
Previous statements made by company executives maintain a lasting impact on public attitudes toward XRP. The circumstances expose major hurdles centralized exchanges encounter when trying to reset their position toward dedicated crypto communities.
Despite its original purpose, Gemini’s adoption drive through their campaign seems to have pushed away one of crypto’s most active factions.
Also Read: BlackRock and Fidelity Expected to Enter XRP ETF Market Following Ripple’s Legal Breakthrough
