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Gemini Credit Card Allows Users to Invest in Crypto with Credit Spends

No More Direct Trading

Gemini, a cryptocurrency exchange, has introduced its Gemini Credit Card, allowing users to invest in cryptocurrencies without the need for direct trading. The feature is a significant departure from traditional methods of investing in crypto, which typically involve buying and selling assets on exchanges.

Spending-Based Investment

With the Gemini Credit Card, users can invest in crypto by using the card for everyday purchases. A portion of each purchase is automatically converted into the user's preferred cryptocurrency, such as Bitcoin or Ethereum. This allows for a seamless and passive approach to cryptocurrency investment.

The service is available to users in the United States and is subject to the platform's eligibility criteria. The card offers rewards in the form of cryptocurrency based on spending and has partnered with Mastercard to ensure widespread acceptance.