Gemini Announces the Suspension of its Credit Card Project
Cryptocurrency exchange Gemini has announced that it has suspended applications for its crypto-backed credit card project.
Gemini Announces the Suspension of its Credit Card Project. Cryptocurrency exchange Gemini has announced that it has launched a credit card that allows users to earn crypto rewards in all 50 US states. However, Gemini announced that it is suspending credit card applications to "further improve the customer experience."
Experts stated that the biggest reason for the cryptocurrency exchange to take this decision may be the volatility in its rewards.
Similar to Gemini's crypto reward credit card, the BlockFi Rewards Visa Signature Card, which has been on the market for a long time, was recently completely removed.
Source: Hardware news