Gemini to launch Bitcoin cashback rewards on Mastercard credit card
April 27, 2021. Summarized by summa-bot.
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The Gemini cryptocurrency exchange will release its own crypto-credit card in partnership with Mastercard.
New York cryptocurrency exchange Gemini announced on Tuesday the pending release of the Gemini Credit Card, which will allow cryptocurrency holders to spend crypto and receive cashback rewards in the form of Bitcoin (BTC) or any other cryptocurrency available on the Gemini platform.
Gemini joins major cryptocurrency exchanges like Binance and Coinbase in launching a crypto credit card as holders seek a way to utilize their coins in real-world situations.
Gemini co-founder Tyler Winklevoss said crypto credit cards were a good way to give users a point of entry to the cryptocurrency space without them having to alter their existing spending habits.
“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,” said Winklevoss.