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January 15, 2021 10:00 am

Gemini Is Launching a Credit Card With Bitcoin Rewards

Later this year, cryptocurrency exchange company Gemini is planning to launch a credit card that earns bitcoin rewards based on your purchases. It's based on the work done by Blockrize, a fintech startup which Gemini has acquired for an undisclosed sum. TechCrunch reports: The credit card will work like any other credit card and will be available in the U.S. Customers will earn up to 3% in bitcoin rewards (again, up to 3%). You'll be able to earn other crypto assets as well. Those rewards will be deposited on your Gemini account. This isn't the first time a company is announcing a credit card with bitcoin rewards. BlockFi already announced its own card back in December. Both companies have yet to launch their cards. As a comparison, BlockFi promises 1.5% rewards on fiat purchases. There's a $200 annual fee, but you get $250 back if you spend at least $3,000 with the card in the first three months. [...] Gemini customers can sign up to the waitlist today. Blockrize has been working on a credit card for some time. While it is now part of Gemini, people who previously signed up to Blockrize's waitlist are still on the waitlist.

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