Cryptocurrency exchange company Gemini is acquiring Blockrize and announcing a new product today based on Blockrize’s work. Later this year, the company is launching a credit card that works like a regular credit card — but you earn bitcoin rewards based on your purchases.
The credit card will work on the Visa network 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.