The Winklevoss-led exchange and custodian announced Thursday that the waiting list for the Gemini credit card is now open. According to an announcement shared with Cointelegraph, the new card will be launched later this year.
Gemini announced it has acquired Blockrize, a crypto payments startup led by product developers formerly of American Express, JPMorgan Chase, Google and BitMEX. Blockrize has a waiting list of 10,000 people and they too will receive early access to the Gemini Credit Card.
Blockrize is Gemini’s second acquisition. It bought Nifty Gateway, a non-replaceable tokens platform, in November 2019.
Gemini co-founder and crypto influencer Tyler Winklevoss said the new credit card will make it easier for customers to invest in Bitcoin “without changing their existing behavior.”
“Instead of deciding how and when to buy crypto, customers can do this with their daily purchases. We are delighted to welcome the Blockrize team to Gemini and work together to move forward with the mainstream crypto. “
The Gemini card works like a regular credit card and is available to US residents in any state. Crypto rewards are automatically deposited into the user’s Gemini account.
As digital assets continue to spark consumer interest, crypto-focused credit cards are likely to grow further in the coming year. As Cointelegraph reported last month, Visa and BlockFi are teaming up to launch a new credit card that rewards users with BTC.