Gemini Offers Crypto Rewards Credit Card in the USA
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Answer Gemini Offers Crypto Rewards Credit Card in the USA
Cryptocurrency exchange Gemini has announced the availability of a crypto-rewards credit card in the United States of America.
According to the company, users will be able to earn crypto rewards on purchases using the card.
The product was called “Gemini credit card”, and it was issued by “WeBank” and “MasterCard”.
Gemini notes that the crypto rewards credit card has received more than 500,000 registrations since launching its waiting list.
Pravjit Tiwana, Chief Technology Officer (CTO) at Gemini said:
In the past year, the crypto industry experienced a breakout moment, with 44% of US crypto owners reporting their first purchase of cryptocurrency in the past year.
Gemini is committed to helping increase education and offering innovations that remove entry barriers for consumers who want access to cryptocurrencies such as Bitcoin.Read:The currency “MKR” rises by 50% after it was listed on one of the exchanges
In partnership with MasterCard and WebBank, we have developed the Gemini Credit Card to offer a simplified way to invest in cryptocurrency without requiring consumers to change their daily behavior.
Notably, Gemini is one of the most valuable cryptocurrency exchanges in the world.
In November last year, cryptocurrency exchange Gemini raised $400 million in growth equity financing and reached a valuation of over $7 billion.
Sherry Haymond, Executive Vice President of Digital Partnerships at Mastercard, said the latest partnership with Gemini will provide an effective crypto rewards experience for users.
Additionally, Haymond highlighted the growing global popularity of the cryptocurrency ecosystem, and went on to say:
MasterCard and Gemini share the belief that providing relevant and innovative crypto reward experiences will not only empower consumers but also open access to the cryptocurrency ecosystem.Read:Over $2.5 billion stolen in 2022: Has the cryptocurrency market become a hotbed for hackers?
We are honored to work alongside Gemini to offer these unique benefits.
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