5 Things We Know About the New MasterCard and Gemini Crypto Rewards Credit Card

Major news is making headlines on Tuesday, as Gemini Crypto and Mastercard (NYSE:MA) announced they are partnering for the Gemini Credit Card.

A close-up shot of Mastercard (MA) credit or debit cards.

Source: Alexander Yakimov / Shutterstock.com

The card is a big move for both the cryptocurrency and payments sectors, and it is surely a massive step in making crypto a more accepted form of payment.

So, what does the Gemini Crypto card do? What should investors care about? Let’s dive in and take a closer look at the news.

  • Cardholders can earn up to 3% in Bitcoin (CCC:BTC-USD) or other cryptocurrencies on their purchases.
  • In turn, the rewards will then be directly put into your Gemini Crypto account.
  • According to Gemini’s website, “WebBank, a leader in digital lending, is the bank partner and issuer of the Gemini Credit Card.”
  • The card will be available only in the U.S. beginning this summer.
  • Overall, the Gemini Crypto card will be “the first credit card to deliver crypto rewards in real-time.”

MA stock was up less than 1% on the news on Tuesday.

On the date of publication, Nick Clarkson did not have (either directly or indirectly) any positions in the securities mentioned in this article. 

Nick Clarkson is a web editor at InvestorPlace.

Article printed from InvestorPlace Media, https://investorplace.com/2021/04/5-things-we-know-about-the-new-mastercard-and-gemini-crypto-rewards-credit-card/.

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