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Gemini preps credit card with crypto rewards

Gemini preps credit card with crypto rewards

Cryptocurrency exchange Gemini has acquired fintech Blockrize ahead of the launch of a credit card that lets users earn crypto rewards.

Blockrize has been developing a credit card with cryptocurrency rewards and has already built up a 10,000-strong waitlist.

The card is now slated to launch later this year under the Gemini brand, with cardholders able to earn up to three per cent back in bitcoin, or other cryptos, on every purchase they make. Rewards will be automatically deposited into the user's Gemini account.

Gemini has introduced its own waitlist, which is open to US residents in every state, for early access.

Tyler Winklevoss, CEO, Gemini, says: "The Gemini Credit Card will make it easier for any consumer to invest in bitcoin and other cryptos without changing their existing behaviour. Rather than deciding how and when to buy crypto, customers can do so when making their everyday purchases."

Comments: (1)

Adrian Pollard
Adrian Pollard - ISTANEX - Turkey 15 January, 2021, 03:08Be the first to give this comment the thumbs up 0 likes

I suspect these credit card and crypto reward combo will be more and more commonplace.

Why would anyone not want to be rewarded in a appreciating asset everytime you spend local currency.

Only issue is most of these credit card deals are US based only at this point.