Gemini Launches a New Mastercard for U.S. Businesses, Converting Everyday Spend Into Crypto
Gemini introduced the American Business Card, a Mastercard that gives U.S. businesses 1.5% back in crypto on all spending.Summary
Gemini has launched the American Business Card, a Mastercard for U.S. business owners that earns 1.5% back in cryptocurrency on all purchases with no annual fee. Issued by WebBank and built on the Mastercard Business World Elite network, the card deposits rewards directly into the user's Gemini exchange account as transactions post. Sole proprietors can apply immediately, while LLCs and corporations can join an early-access list. Rewards can be held as Bitcoin, Ether, or other supported assets, offering potential upside but also market volatility compared to fixed cash back. The card also offers a $500 crypto welcome bonus upon spending $6,000 in 90 days and features no foreign transaction fees. This launch integrates crypto rewards into standard business financial workflows, aligning with Gemini's strategy to merge digital assets with traditional payment infrastructure, though businesses must consider the associated tax and accounting complexities.
(Source：Brave New Coin)