Gemini Partners with Mastercard to Launch its Crypto Rewards Credit Card
Crypto exchange and custodian Gemini has partnered with Mastercard to launch a crypto rewards credit card which it expects to roll out to the entire US in summer. The credit card will offer 3% cashback in bitcoin and other cryptocurrencies. Gemini has said the card will be available wherever Mastercard is accepted.
The rewards will be paid out as the user makes a purchase in US dollars giving the “cardholders full control over their rewards” and allowing them to “benefit from any appreciation in the price of their rewards from the moment the transaction occurs" said Gemini. More than 140,000 people are in the queue to receive the card and they will not have to pay a fee to use the card.
