Gemini, a well-known publicly traded cryptocurrency exchange, has introduced a new Zcash-themed credit card that rewards users with Zcash’s native token, ZEC, for their purchases. This initiative aims to promote the use of credit cards within the crypto ecosystem, allowing customers to earn digital crypto asset rewards instead of traditional currency. Zcash is a privacy-focused cryptocurrency that enables users to keep their identities confidential during transactions, a feature that distinguishes it from other cryptocurrencies and makes it popular among users seeking financial privacy. Gemini’s new credit card is designed with these privacy and security features in mind. Following rapid growth in the crypto card market in recent years, Gemini’s offering is expected to enhance convenience for users, increase Zcash’s popularity, and encourage everyday use of cryptocurrencies. Customers can now earn ZEC rewards on daily expenses, thereby growing their crypto portfolios. This move also represents an effort to bridge cryptocurrencies with the traditional financial system, providing users with benefits from both worlds. However, due to the volatility of cryptocurrency prices, users are advised to exercise caution in their investment decisions. More crypto-based credit cards offering rewards in various digital assets are likely to be introduced in the future.
Source: decrypt
