Hassan Maishera
TL;DR
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Crypto exchange Gemini has launched a Solana-branded credit card with automatic staking for SOL rewards.
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The exchange revealed that cardholders can earn up to 4% back in SOL on purchases and stake rewards for up to 6.77% yield.
Gemini Unveils the Solana Version of its Gemini Credit Card
Cryptocurrency exchange Gemini has launched a Solana-branded edition of its Gemini Credit Card with automatic staking for SOL rewards. The card allows users to show support for the Solana network while earning yield on everyday purchases.
While announcing this in a blog post, Gemini added that cardholders can earn up to 4% back in SOL on categories like gas, EV charging, and rideshare, and up to 10% back with select partners.
This latest development comes a month after Gemini went public. The company listed on the NASDAQ stock exchange, at a valuation of more than $3 billion. Gemini also launched an XRP credit card with Ripple in August.
The company added that the Solana rewards can be automatically staked on Gemini for yields of up to 6.77%. The Solana-branded credit card carries no annual or foreign transaction fees, offers flexible crypto rewards, and includes perks through the Mastercard World Elite program.
