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

Summary: 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 ...

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.The card will be issued by WebBank, a Utah-based digital lender.

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