Backed by popular card networks like Visa and Mastercard, you still enjoy flexible spending with enhanced rewards through cryptocurrency. Crypto credit cards function much like traditional credit cards, except that they source funds and pay rewards using digital currency, like Bitcoin. One new trend that is quickly gaining in popularity is the crypto rewards credit card.Īs more and more crypto cards are becoming available, consumer interest is growing to earn rewards in this new way on everyday spending. Crypto enthusiasts know the cryptocurrency space is quickly evolving, which is why our team regularly monitors trends and new product launches to keep our thumb on the pulse of the industry. Increasingly, the world is going digital, and that includes everyday spending. If you see inaccuracies in our content, please report the mistake via this form. If we have made an error or published misleading information, we will correct or clarify the article. Our editors thoroughly review and fact-check every article to ensure that our content meets the highest standards. Our goal is to deliver the most accurate information and the most knowledgeable advice possible in order to help you make smarter buying decisions on tech gear and a wide array of products and services. ZDNET's editorial team writes on behalf of you, our reader. Indeed, we follow strict guidelines that ensure our editorial content is never influenced by advertisers. Neither ZDNET nor the author are compensated for these independent reviews. This helps support our work, but does not affect what we cover or how, and it does not affect the price you pay. When you click through from our site to a retailer and buy a product or service, we may earn affiliate commissions. And we pore over customer reviews to find out what matters to real people who already own and use the products and services we’re assessing.
We gather data from the best available sources, including vendor and retailer listings as well as other relevant and independent reviews sites. “Our work with Gemini builds upon this position, connecting consumer needs with next-generation assets and delivering a ground-breaking experience that redefines the future of card rewards and benefits.ZDNET's recommendations are based on many hours of testing, research, and comparison shopping. “Consumer choice is at the center of Mastercard’s strategy – giving people flexibility in how they pay and anticipating their evolving preferences,” said Linda Kirkpatrick, president of North America at Mastercard. The card will initially only be available in the United States. The news follows increased interest in cryptocurrencies from major payment providers Mastercard began allowing the use of cryptocurrency to settle transactions on its payment network in February, while Visa began accepting USD Coin (USDC), a stablecoin backed by the US dollar, to accept transactions in March. The new card, set to launch in the summer, will issue cryptocurrency rewards of up to 3 per cent on consumer’s purchases directly into their linked Gemini accounts. The New York based firm, which has over 200 employees, allows consumers to trade cryptocurrencies such as bitcoin and ethereum and competes against Kraken, Bitstamp, Lunu, Coinbase. Gemini was founded in 2014, by twin brothers Cameron Winklevoss and Tyler Winklevoss, who gained notoriety for their legal disputes with Mark Zuckerberg about their role in Facebook’s founding. Cryptocurrency platform Gemini has partnered with Mastercard and WebBank to issue a credit card.
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