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.
