Gemini partners with Mastercard to launch its crypto cashback credit card
Crypto exchanges are taking turns launching their credit cards and debit cards due to increasing demand from their customers.
While some are Bitcoin debit cards and allow you to spend your funds in crypto, like the Binance Card or the crypto.com debit card, others are launching classic credit cards like Gemini’s which will pay cash back in BTC and cryptocurrencies.
Gemini has partnered with Mastercard to launch this credit card which will allow cardholders to receive cash back in crypto directly on their Gemini account.
This card will offer crypto cashback on purchases, up to 3% rewards paid in Bitcoin or one of the 30 other cryptocurrencies available on the Gemini platform.
No annual fees, 24/7 live customer support.
The neatly designed card will be available in three metallic versions (black, silver and rose gold), in 50 US states, and can be used worldwide where the MasterCard circuit is supported.
Gemini CEO Tyler Winklevoss said:
“As more and more consumers seek to enter the crypto ecosystem, the Gemini credit card offers them an easy entry point and an effortless way to earn crypto as a reward without changing their trading habits. daily expenses.
Mastercard continues to evolve and meet industry and consumer demands and engage in the crypto space. We are excited to partner with them for our first real-time crypto rewards card, helping to integrate cryptocurrency.”
We are excited to announce Mastercard as the network partner for the #GeminiCreditCard! We are thrilled to work with one of the most trusted and globally recognized brands in the credit card and payments space.
— Gemini (@Gemini) April 27, 2021
Linda Kirkpatrick, President North America at Mastercard, said:
“Consumer choice is central to Mastercard’s strategy – giving people flexibility in the way they pay and anticipating their changing preferences. Our work with Gemini builds on this position, connecting consumer needs with next-generation assets and delivering a revolutionary experience that redefines the future of rewards and card benefits.”
By using this credit card, Gemini customers will therefore be able to accumulate Bitcoin BTC and other cryptocurrencies through cash back on their everyday purchases.
Find our ranking of the best Bitcoin and crypto debit cards: click here.