Gemini and Mastercard Will Bring Out Crypto Credit Card

by in Cryptocurrency News

Gemini exchange credit card

Crypto services provider Gemini has teamed up with Mastercard to release crypto returns credit card. The product's debut will be in the summer.

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As stated by the platform for every activity, owners will get 3% cashback. Returns will be sent instantly. Despite paying in dollars, clients will accept the returns in BTC or over 30 other tokens supported by the exchange. The service will be open in all 50 states of the US.

Gemini disclosed its plans to introduce BTC credit card at the start of the year after buying the crypto-related fintech firm Blockrize. The network was operating without the yearly fee.

Individuals on the Blockrize waiting list moved to Gemini's waitlist. There are now over 140.000 people on the list. Gemini stated the card will be launched by WebBank and it will not require an annual fee.

Earlier this month Gemini announced that its crypto under custody reached $25 billion.

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The cryptocurrency platform was founded in 2015 by the Winklevoss brothers. It enables buying, selling, and storing digital assets.