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Tyler Winklevoss says crypto credit cards are a good way of entry into the Cryptocurrency space.

Tyler Winklevoss says crypto credit cards are a good way of entry into the Cryptocurrency space
Tyler Winklevoss (Courtesy: Twitter)

Tyler Winklevoss, the Gemini co-founder, says that Crypto credit cards are an excellent way to provide customers a point of entry to the cryptocurrency space.

Moreover,with this card, they can enter the Crypto space without altering their existing spending habits. Additionally,as more consumers look to enter this ecosystem, the credit card gives them an easy entry point. It also gives them effortless ways to earn Crypto as a reward.

Gemini’s Master Credit Card

Gemini is about to launch many Bitcoin cashback rewards for its MasterCard credit card. Moreover, this exchange offers a cashback of up to 3% in the form of cryptocurrency for its upcoming master credit card users. Gemini New York cryptocurrency exchange announced the pending release of its Gemini credit card.

The credit card will allow cryptocurrency holders to spend and receive cashback rewards in Bitcoin or any other cryptocurrency available on the Gemini platform. WebBank, an online banking institution, is issuing this credit card in co junction with MasterCard.

According to the company’s press release, the credit card is expected to be released in the coming summer. It has already received more than 14,000 sign-ups from several waiting customers.

Gemini joining major cryptocurrency exchanges

The company is joining some of the major cryptocurrency exchanges like Binance and Coinbase. However, Gemini took this decision as they are launching a credit card. The holders need a way to utilize their coins in real-world situations.

This master credit card will reportedly offer users 3% cash back on dining purchases. Additionally, it gives cashback of 2% on groceries, and 1% on all other purchases. The user gets these rewards in real-time at the very moment the transaction happens.

Linda Kirkpatrick, President of MasterCard North American operations, said that the financial services firm was happy to provide more choices to the customers by enabling cryptocurrency payments and rewards.

She also added that the collaboration with Gemini helps to build up a position connecting customer’s needs with the following generation assets. They would deliver a groundbreaking experience that can redefine the future of card rewards and benefits.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.