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Mastercard Revealed as Partner on Gemini Crypto Credit Card
Gemini cardholders will be given the option to transfer their crypto rewards into interest-earning program Gemini Earn.
Updated May 9, 2023, 3:18 a.m. Published Apr 27, 2021, 11:03 a.m.
Gemini, the cryptocurrency exchange and custodian founded by the Winklevoss brothers, has partnered with Mastercard to launch a crypto rewards credit card this summer.
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- The Tuesday announcement reveals further details about Gemini’s upcoming credit card, which was first announced in January.
- This is not the first credit card to make crypto rewards available for crypto cardholders. Back in December, cryptocurrency lender BlockFi announced the launch of its rewards credit card in the first quarter of this year, calling it the first of its kind in an industry that is already saturated with bitcoin reward debit cards.
- BlockFi promised users for every transaction made with its card 1.5% cash back will accrue and then automatically be converted to bitcoin and placed into the user's BlockFi account.
- Gemini cardholders will be given the option to transfer their crypto rewards into interest-earning program Gemini Earn, said the firm.
- The card will be made available to American investors across all 50 states later this year.
Read more: Winklevoss-Founded Gemini to Offer Credit Card With Crypto Rewards
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
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