The platform a place to buy, sell and store cryptocurrency launched its long-awaited Mastercard, which gives holders rewards in cryptocurrencies. It is available in the US.
The cryptocurrency exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. based in the United States, Gemini is launching its anticipated credit card Mastercard which offers rewards in digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies.
The company of brothers Winklevoss announced Thursday that Gemini Credit Card is now available to users in all 50 states in the U.S. According to a press release cardholders can earn up to 3% cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. back on their purchases . The reward will deposit in cryptocurrencies on your accounts on the platform.
Los titulares will be able to use your credit card from Gemini to pay at any merchant that accepts Mastercard and will have the possibility to choose from more than 60 digital assets, such as Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. , Ether the form of payment used in the operation of the distribution application platform, Ethereum. y Dogecoin for the reward. As such, users will be able to recover 3% of their spending at restaurants, 2% on grocery payments and 1% on all other purchases.
1/3 The wait is OVER. #GeminiCreditCard is now live in all 50 US states????
The Gemini Credit Card is the first credit card to deliver instant #crypto rewards, and offers our cardholders the ability to automatically earn crypto on every swipe! Terms Apply https://t.co/cTI6xYOe8s pic.twitter.com/C4ZJdUKM53
— Gemini (@Gemini) April 14, 2022
The new card, which is issued by the industrial bank WebBank and is backed by Mastercard intends to remove barriers to entry for new users seeking access to currencies such as Bitcoin , dijo Pravjit Tiwana, CTO the Gemini. Tiwana added in the statement:
In partnership with Mastercard and WebBank, we developed the Gemini credit card to offer a simplified way to invest investing is when you put money in a financial scheme with the intent of making a gain. in cryptocurrencies without asking consumers to change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. their everyday behavior.
What does the new Gemini Credit Card ?
In addition to the crypto rewards, the Gemini also offers other benefits. Among them, it promises to be free of charge annual and foreign transaction fees. It also offers a zero exchange fee to receive cryptocurrency rewards, as well as access to exclusive promotions and offers from partner merchants.
El producto funciona convirtiendo automáticamente el valor denominado en dólares estadounidenses del reembolso por cada compra en la criptomoneda seleccionada por el usuario. Luego lo deposita en la cuenta Gemini of the holder. Holders will be able to exchange their cryptocurrency reward from the platform and as often as they wish.
The Executive Vice President ofAsociaciones Digitales de Mastercard, Sherri Haymond, said that the new card will make it easier for consumers to ” experience cryptocurrencies “. She stressed in the statement:
Mastercard and Gemini share the belief that providing relevant and innovative cryptocurrency rewards experiences will not only empower consumers, but also unlock access to the digital currency currency is a medium of exchange that defines value. ecosystem. .
Growing supply of cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. cards
The launch comes more than a year after the exchange first announced the project. As reported by DiarioBitcoin , Gemini dio a conocer su intención de lanzar una tarjeta a beginning of 2021 and then in April, presented the product in alliance with Mastercard The goal was to provide rewards for everyday payments, noting that it was intended to provide rewards for everyday payments.
While initially expected to launch in the summer of 2021, plans appear to have been delayed by a few months. However, the community’s enthusiasm doesn’t seem to have waned. According to the company, more than 500,000 people have registered on the waiting list card since registration opened last year.
The launch makes Gemini the latest in the crypto industry to offer a product of its kind. Cryptocurrency cards have become very popular in recent times, and companies like BlockFi y Venmo launched their offers last year.
This week, Nexo a digital asset platform that offers loans in cryptocurrencies, launched its own card en aliance with Mastercard y DiPocket . The product, which differs from other cryptocurrency cards available in the market, offers backing in digital assets promising customers to spend without selling their holdings. It is initially available in Europe.
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Article by Hannah Estefania Perez / DiarioBitcoin
Image from Unsplash (does not correspond to the product mentioned in this article)