Company Gemini recently announced that it has partnered with MasterCard in the field of payment cards. New payment cards are to be issued in summer.
MasterCard and WebBank become partners of Gemini
Brothers exchange Winklevoss intends to issue its own payment cards in the near future, which it will serve kryptowaluty. Mastercard will be its partner in this area. On the other hand, banking cooperation will be established with WebBank. Gemini representatives do not hide their excitement about the cooperation, recognizing new partners as the most trustworthy brands in the field of credit cards and payments. The new exchange payment cards have not yet been issued, but it is expected to take place this summer.
Benefits for users
Payment cards that will soon be offered by Geminiare to provide their users with up to 3 percent. refund for meals, 2% for groceries and 1%. for other purchases. Prizes will be paid in Bitcoins and other cryptocurrencies available on the exchange.
The advantage of the new Gemini product will be the lack of an annual fee and commission for currency conversion. Cardholders will also be able to integrate with Apple or Google Pay. In addition, they will be available in three versions - black, silver and rose gold, in 50 US states.
The cards can be used all over the world, wherever the MasterCard company is supported. They are also intended to enable payments in US dollars with the use of funds on the stock exchange account. At the same time, it will also automatically deposit prizes in cryptocurrencies.
Cryptocurrency payments anywhere
Enabling users of cryptocurrency exchanges to use the funds accumulated on their accounts to make payments in a traditional form is becoming a more and more common practice. Thanks to this, there is no need to look for sellers that accept cryptocurrencies to be able to use them as a means of payment.
Due to the cooperation with payment operators, such as Visa or MasterCard, the conversion from crypto currency to fiat currency takes place automatically via the exchange at the time of payment. This allows users to pay for their purchases with cryptocurrencies anywhere.