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Mastercard and digital currency operator to launch crypto reward credit card

LONDON, Apr 27 (Reuters) – Mastercard Inc and US cryptocurrency operator Gemini will launch the first credit card that provides users with digital currency “rewards” on purchases this year, deepening the involvement of major cryptocurrency companies. payment on emerging assets.

Card users will receive up to 3% in bitcoin or other cryptocurrencies on their purchases starting this summer, the companies said in a statement. The digital currency will be deposited into the cardholder’s Gemini account.

The card will be issued by WebBank, a Utah-based digital lender. Payment system giants such as Mastercard, Visa Inc and PayPal Holdings Inc have stepped up their commitment to cryptocurrencies in recent months.

Mastercard said in February that it planned to offer support for some cryptocurrencies on its network this year, while Visa will also allow the use of cryptocurrencies to settle transactions on its payments network.

The card will be available in the United States.

(Reporting by Tom Wilson. Edited in Spanish by Rodrigo Charme)

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