Rewards will be automatically deposited into a cardholder’s Gemini account
Gemini has announced it will launch the Gemini Credit Card with cryptocurrency rewards. This has been accelerated by the acquisition of Blockrize, a fintech startup that has been building a credit card with cryptocurrency rewards.
In preparation for launch later in 2021, Gemini has opened the Gemini Credit Card waitlist — providing Gemini customers, and those already on the Blockrize waitlist, with early access.
By combining Gemini’s platform with Blockrize’s rewards program, cardholders will be able to earn up to 3% back in Bitcoin, or other cryptos, on every purchase they make with the Gemini Credit Card.
The Gemini Credit Card will work as a traditional credit card. It will be available to U.S. residents in every state and will be widely accepted wherever major cards are accepted.
We’ve reported that US Treasury’s OCC approved the first crypto bank.