Mastercard and digital currency exchange Gemini to launch crypto rewards credit card


FILE PHOTO: Mastercard Inc. credit cards are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration

LONDON (Reuters) - Mastercard Inc and U.S. cryptocurrency exchange Gemini will launch the first credit card that gives users digital currency "rewards" on purchases this year, deepening the involvement of major payment firms in the emerging asset class.

Users of the card will from this summer receive up to 3% in bitcoin or other cryptocurrencies on their purchases, the companies said in a statement, with the digital currency deposited in the cardholder's Gemini account.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Nigeria rejects Binance CEO's bribery claim as 'diversionary tactic'
Legislative roadmap for AI is coming in weeks, Schumer says
Google DeepMind unveils next generation of drug discovery AI model
Google fights $17 billion UK lawsuit over adtech practices
Bain Capital in talks to buy education-software provider PowerSchool, source says
Turkey's competition board to fine Meta $37.2 million in data-sharing probe
SpaceX's unit Starlink secures Indonesia operating permit
Reddit shares soar as earnings show advertising, AI licensing revenue potential
Uber shares tumble as second-quarter forecast disappoints
EU asks X for details on reducing content moderation resources

Others Also Read