Gemini & Mastercard To Launch Crypto Rewards Credit Card Soon.
2021-04-27 | Eddy Morgan
The well-liked cryptocurrency exchange and custodian founded by the Winklevoss brothers, Gemini, has partnered with Mastercard to launch a cryptocurrency rewards
credit card this summer.
The official announcement today reveals additional details about Gemini’s upcoming credit card, which was primarily announced earlier in January.
This is not
the primary credit card to form cryptocurrency rewards available for crypto cardholders. Also earlier in December, cryptocurrency lender BlockFi revealed the launch of its rewards credit card
within the Q1 of this year calling it
the primary of its kind in an industry
that's already saturated with Bitcoin [
BTC] reward debit cards.
BlockFi promised users
for each transaction made with its card; 1.5% cashback will accrue then automatically be converted to bitcoin and placed into the user's BlockFi account.
Gemini cardholders
are going to be given
the choice to transfer their cryptocurrency rewards into the interest earning program Gemini Earn, explained the firm.
The card
will be made available to American investors across all 50 states later this year.
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