Gemini announces partnership with MasterCard to launch a Crypto Credit Card…Details here
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Answer Gemini announces partnership with MasterCard to launch a Crypto Credit Card…Details here
MasterCard continues its crypto-related efforts, this time by partnering with Gemini, a cryptocurrency exchange, to offer an innovative crypto rewards credit card.
The new Gemini credit card already has more than 100,000 people on the waiting list and this card could see the light of day in the summer of 2021.
Bitcoin Rewards Credit Card:
announced Gemini, the cryptocurrency trading platform founded and operated by the Winklevoss twins, announced its latest product earlier this morning.
Aside from the inclusion of MasterCard, Gemini has also partnered with the Industrial Bank of Utah, WebBank.
Gemini has announced some key features of the new credit card, which has already collected 140,000 people on its waiting list.
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Among the announced features:
- 3% cash back on purchases with Bitcoin or some other digital currency listed on Gemini.
- Bonuses are automatically deposited as soon as transactions are made to the cardholders’ accounts in the “Gemini” trading platform.
- Gemini also promised that the card would not come with an annual fee.
- 24/7 live customer support, which would provide a superior experience to the cardholder.
The card will be available in three colors initially:
Black, Silver and Gold.
The card will not contain the 16-digit number, instead, it will be easily accessed through Gemini customer accounts and will require two-factor authentication to use.
Gemini CEO Tyler Winklevoss commented:
As more customers are looking to enter the crypto system, Gemini credit card gives them an easy entry point and an easy way to earn cryptocurrency as a reward without changing their daily spend.
When launched, the card will be available in all 50 US states and will be accepted wherever MasterCard operates.
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