{"id":236510,"date":"2021-04-27T15:01:17","date_gmt":"2021-04-27T12:01:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gemini-to-launch-bitcoin-cashback-rewards-on-mastercard-credit-card\/"},"modified":"2021-04-27T15:01:17","modified_gmt":"2021-04-27T12:01:17","slug":"gemini-to-launch-bitcoin-cashback-rewards-on-mastercard-credit-card","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gemini-to-launch-bitcoin-cashback-rewards-on-mastercard-credit-card\/","title":{"rendered":"# Gemini to launch Bitcoin cashback rewards on Mastercard credit card"},"content":{"rendered":"

“# Gemini to launch Bitcoin cashback rewards on Mastercard credit card <\/strong>”
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New York cryptocurrency exchange Gemini today announced the pending release of the Gemini Credit Card, which will allow cryptocurrency holders to spend crypto and receive cashback rewards in the form of Bitcoin (BTC), or any other cryptocurrency available on the Gemini platform.<\/p>\n

The credit card will be released in conjunction with Mastercard, and will be issued by online banking institution, WebBank. It is expected to be released this coming summer, and has reportedly received over 140,000 sign-ups from waiting customers already, according to the company\u2019s press release.<\/p>\n

Gemini joins major cryptocurrency exchanges like Binance and Coinbase in launching a crypto credit card, as holders seek a way to utilize their coins in real-world situations. The Gemini card will reportedly offer users 3% cash back on dining purchases, 2% on groceries and 1% on other purchases. The rewards will reportedly be paid back to the user in real-time, at the very moment the transaction takes place.<\/p>\n

President of Mastercard\u2019s North American operations, Linda Kirkpatrick, said the financial services firm was happ<\/a>y to provide more choice for customers by enabling cryptocurrency payments and rewards. <\/p>\n

\u201cOur work with Gemini builds upon this position, connecting consumer needs with next-generation assets and delivering a ground-breaking experience that redefines the future of card rewards and benefits,\u201d she said.<\/p>\n

Gemini co-founder\u00a0Tyler Winklevoss\u00a0said crypto credit cards were a good way to give users a point of entry to the cryptocurrency space without them having to alter their existing spending habits. <\/p>\n

\u201cAs more consumers look to enter the crypto ecosystem, the Gemini Credit Card gives them an easy point of entry and an effortless way to earn crypto as a reward without changing their daily spending habits,\u201d said Winklevoss.<\/p>\n

\u201cMastercard continues to evolve and meet both industry and consumer demands and commit to the crypto space. We’re excited to partner with them on our first real-time crypto rewards card, further helping to bring crypto mainstream,\u201d he added.<\/p>\n