Gemini has partnered with Mastercard to launch a crypto-centric credit card
Potential users can register their interest through a waitlist on Gemini
The credit card should be available this summer, offering up to 3% back on purchases
Users can opt to be rewarded in Bitcoin or any crypto on Gemini
The crypto exchange of Gemini has announced a new partnership with Mastercard aimed at issuing a crypto-centric credit card to qualified users. The team at Gemini made public the partnership with Mastercard via the following tweet.
We are excited to announce Mastercard as the network partner for the #GeminiCreditCard! We are thrilled to work with one of the most trusted and globally recognized brands in the credit card and payments space.
According to Reuters, the Gemini Credit Card will be available for users this summer and only in the United States. It will be issued by WebBank which is a Utah-based digital lender.
Furthermore, users of the credit card will earn up to 3% back on dining, 2% on groceries and 1% on other purchases. Gemini credit card users will have the option of receiving their rewards in Bitcoin or any other crypto offered for trading on the crypto exchange.
There will be no annual fee for the credit card. Management of the card will be available through the Gemini mobile app. Customization of the credit card will also be an option with users having the choice of metal cards in black, silver and rose gold.
Gemini Now Supports Apple Pay and Google Pay
News of Gemini and Mastercard partnering to launch a credit card comes less than a week after the exchange announced that it had integrated Apple Pay and Google pay onto the platform. Gemini users around the world can now purchase Bitcoin and other cryptocurrencies with Apple Pay and Google Pay.
Furthermore, owners of the Gemini Credit Card will also have the chance at linking their cards to Apple Pay and Google Pay as soon as they are approved.