Crypto exchange Gemini has partnered with Mastercard and WebBank to launch crypto reward credit cards. Gemini announced the partnership on the 27th of April.
Crypto rewards credit card holders will get up to 3% back in Bitcoin on qualifying purchases. In addition, the cardholders will get a 3% reward when they make purchases using the more than 30 crypto assets that are available on the Gemini exchange platform.
Furthermore, qualified cardholders will automatically get their full rewards in their Gemini accounts as the cards will have no annual fee.
Tyler Winklevoss, who is also the CEO of Gemini, commented on the partnership. Tyler said the Gemini Credit Card would give crypto consumers an easy point of entry into the ecosystem. He added that users would also be able to easily earn crypto as a reward.
He further stated:
“Mastercard continues to evolve and meet both industry and consumer demands and commit to the crypto space. We’re excited to partner with them on our first real-time crypto rewards card, further helping to bring crypto mainstream.”
Furthermore, Gemini crypto rewards card holders will also have access to exclusive offers from specific merchants. The merchants include DoorDash, Lyft, ShopRunner, and HelloFresh.
According to Mastercard’s president of North America, Linda Kirkpatrick, the collaboration is aimed at connecting consumers’ needs with next-generation assets.
Image Credits: Pixabay
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