CompoSecure is partnering with Gemini on the launch of its new crypto rewards credit card. The news will see the card production company team with Gemini and WebBank for one of the most hotly anticipated crypto cards of 2021: the Gemini Bitcoin Rewards Credit Card.
Gemini Teams with CompoSecure for New Bitcoin Credit Card
The Gemini Bitcoin Card is expected to launch in the United States sometime this summer. That launch is now a step closer, thanks to a new partnership with CompoSecure. CompoSecure is a credit card manufacturer set to take over the creation of the physical Gemini Card.
The new Gemini crypto credit cards will use CompoSecure’s metal dual-interface construction that enables contactless purchases. Gemini selected CompoSecure for its innovative technology, creative design, and manufacturing capabilities. This, in turn, should speed up production and reduce time to market, according to a press release.
Jon Wilk, President and CEO of CompoSecure, hailed the new partnership. “This is an important moment for CompoSecure and the industry concerning the intersection between payments and cryptocurrency,” he said in the same release. “Gemini’s strong value proposition combined with our premium payment cards can quickly deliver an innovative approach toward rewards that will drive the cryptocurrency market forward.”
About the Gemini Crypto Credit Card
The upcoming Gemini Credit Card will offer cash back rewards in the form of Bitcoin. The card, issued by WebBank and using the Mastercard payment network, will also offer no annual fee, instant rewards access, security-first design, and instant access to a virtual card after approval. Cardholders will have the choice of a black, silver, or rose gold all-metal card design.
Current Gemini customers can sign-up for the waitlist on its website. According to Gemini, more than 300,000 customers have joined the waiting list.
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