Popular crypto exhange to launch card with Bitcoin rewards

Rewards will be automatically deposited into a cardholder’s Gemini account

Gemini card Bitcoin

Popular crypto exhange to launch card with Bitcoin rewards. Source: shutterstock.com

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 make it easier for any consumer to invest in bitcoin and other cryptos without changing their existing behavior. Rather than deciding how and when to buy crypto, customers can do so when making their everyday purchases. We're excited to welcome the Blockrize team to Gemini and work together to continue to mainstream crypto
Tyler Winklevoss, CEO of Gemini

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.

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