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.