Gemini Exchange Launches Mastercard Credit Card With Cryptocurrency Cashback – Bits Media

Gemini cryptocurrency exchange has entered into a partnership with Mastercard to issue a credit card with the ability to receive cashback in cryptocurrencies. The card will be available this summer throughout the United States.

Gemini, founded by brothers Cameron and Tyler Winklevoss, reported, that this is the first partnership of the exchange with a payment system for issuing a card. It will work like a regular credit card, that is, a line of credit will be available to users depending on their income and credit history.

Держатели карт смогут тратить доллары США и получать за пользование картой кэшбэк в биткоине или в любой другой криптовалюте, available for trading on the Gemini exchange. For credit card holders, cashback is provided up to 3% when paying bills in cafes and restaurants, 2% when buying food products and 1% for other purchases.

Граждане США смогут оплачивать товары и услуги картой Gemini везде, where is Mastercard accepted. According to the management of the exchange, cashback in the selected cryptocurrency will be credited in real time immediately after the transaction. This will enable cardholders to fully control their rewards and benefit from the increased rate of received cryptoassets.. Gemini reported, which is more 140 000 people signed up for the waiting list, to be the first to test the capabilities of this card.

В прошлом году биржа Coinbase тоже запустила дебетовую карту для граждан США с кэшбэком в XLM или BTC. Однако Coinbase стала сотрудничать с другим платёжным оператором – Visa. Не осталась в стороне и биржа Binance, которая в конце года начала доставлять карты Binance Visa Card на территорию Евросоюза.