Cryptocurrency exchange firm Gemini acquires Blockrize and today announces a new product based on Blockrize’s work. Later this year, the company is launching a credit card that works like a regular credit card – but you earn bitcoin rewards based on your purchases.
The credit card will work on the Visa network and will be available in the U.S. Customers will earn up to 3% in Bitcoin rewards (again, up to 3%). You will also be able to earn other crypto assets. These rewards will be deposited into your Gemini account.
This isn’t the first time a company has announced a credit card with Bitcoin rewards. BlockFi already announced its own card in December. The two companies have yet to launch their cards.
For comparison, BlockFi promises 1.5% rewards on fiat purchases. There is an annual fee of $ 200, but you get $ 250 back if you spend at least $ 3,000 with the card in the first three months.
This new category of credit cards could be interesting for people who want to slowly …
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