Mastercard Debuts The First Crypto Rewards Credit Card, So You Can Buy More NFTs

Image via PR Newswire

Mastercard and New-York based cryptocurrency exchange Gemini have partnered up with WebBank, a leader in digital lending, to offer the world’s very first credit card with cryptocurrency rewards.

And since the Gemini Credit Card was first introduced in early 2021, it’s already amassed more than 140,000 people on its waitlist.

Cardholders of the Gemini Credit Card can earn up to 3% back when purchasing in Bitcoin or any of the 30 cryptocurrencies available on Gemini, including Ethereum. The crypto rewards will automatically be deposited into the cardholder’s Gemini account.

It’s also the first crypto rewards platform to deliver crypto rewards in real-time. Unlike most credit cards, which pay out rewards monthly, Gemini cardholders will receive their crypto rewards as soon as the transaction occurs. This allows cardholders to benefit from any appreciation in the price of their rewards as soon as possible.

Not to mention, the Gemini Credit Card has no annual fees, but comes with 24/7 live customer service for support on the spot. The sleek, contactless metal card is available in black, silver, or rose gold, and boasts top-level security.

Unlike other cards, only your name will appear on the card, while the 16-digit card number and other sensitive information can be easily accessed via the mobile app.

As Gemini has teamed up with Mastercard, cardholders won’t lose out on the usual credit card rewards either. You’ll be able to access exclusive offers with merchants such as DoorDash, HelloFresh, Lyft, and ShopRunner. It also comes with Mastercard’s ID Theft Protection so you know your money (be it cash or cryptocurrency) is extra safe.

The Gemini Credit Card will be accepted wherever Mastercard is accepted, and is expected to launch this summer. For more information, visit here.

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A post shared by Gemini (@gemini)

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A post shared by Gemini (@gemini)

[via Laptop Mag, cover image via PR Newswire]

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You Can Now Use Apple Pay & Google Pay To Buy Cryptocurrencies

Image via Gemini

Popular digital currency exchange Gemini has announced that users can now purchase cryptocurrency using Apple Pay and Google Pay.

Just connect a debit card to Apple Pay or Google Pay, and you’ll be able to buy the cryptocurrency of your choice from within the Gemini mobile app. All done in just a few taps.

This new feature allows users to purchase from over 30 cryptocurrencies, including Bitcoin, Ether, and Litecoin. According to Tearsheet, Gemini is also available in over 50 countries worldwide, and the feature is supported in any country that permits Apple Pay and Google Pay.

Funds will be available to withdraw an hour after you’ve made your purchase. Do note, however, that credit cards aren’t supported on Gemini at the moment.

“Supporting Apple Pay and Google Pay advances our mission to empower the individual through crypto by creating another easy way to access this new and exciting frontier,” said Gemini in a statement. You can find out more about the update here.

The announcement follows Gemini’s partnership with Mastercard in producing the world’s first crypto rewards credit card.

Image via Gemini

Image via Gemini

[via Tearsheet, images via Gemini]


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