Mastercard announces it will release the first credit card with direct cryptocurrency rewards.
Mastercard and WebBank to partner with cryptocurrency exchange Gemini to offer a first-of-a-kind cryptocurrency rewards credit card, with up to 3% in crypto on qualifying purchases. Introduced earlier this year, the Gemini Credit Card has already amassed more than 140,000 people on its waitlist.
“connecting consumer needs with next-generation assets and delivering a ground-breaking experience that redefines the future of card rewards and benefits.”
Linda Kirkpatrick – president of North America at Mastercard
About the Gemini Credit Card
Gemini is a cryptocurrency exchange, founded by Tyler and Cameron Winklevoss twins in 2014, has now grown into one of the leading exchanges worldwide.
The Gemini rewards card is different to other cards such as the Crypto.com CRO VISA card because it currenty will act as just a credit card, whereas the CRO card acts more like a pre-paid debit card.
Crypto rewards on purchases: 3% back on qualifying purchases in any of over 30 cryptocurrencies available on Gemini. Rewards will be automatically deposited into cardholders’ account
Real-time rewards: Delivery of crypto rewards in real-time (unlike most cards, which pay rewards out monthly)
No annual fee: Combined with 24/7 live customer support to deliver a superior cardholder experience.
Design: A sleek metal card, available in black, silver, or rose gold, with only the cardholder’s name appearing on the card for added security.
World Mastercard® Benefits: Exclusive offers for cardholders with select merchants such as DoorDash, HelloFresh, Lyft and ShopRunner.
“As more consumers look to enter the crypto ecosystem, the Gemini Credit Card gives them an easy point of entry and an effortless way to earn crypto as a reward without changing their daily spending habits.”
Tyler Winklevoss, CEO of Gemini
You can sign up for the card on waitlist on the Gemini website.
Caitlin Carey – Crypto News Guest Author
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