High-profile crypto exchange Gemini – established by the Winklevoss twins – has reportedly introduced its self-developed crypto credit card.

The firm reportedly made an official announcement on April 14th regarding the availability status of the Gemini Credit Card in America, throughout all 50 states. 

The issuance process of the new card will be taken care of by the state-chartered industrial bank WebBank and features Mastercard as the exclusive card network.

The official release of the card was reportedly finalized after twelve months since Gemini’s initial announcement of the initiative last year, working towards a goal of sending out rewards to users for selecting the crypto-enabled option for day-to-day transactions.

Since the introduction of the Gemini Credit Card waitlist in 2021, over 500,000 users have signed up for the product, as revealed by the company.

The Gemini Credit Card reportedly offers supporting features for over 60 cryptocurrencies for rewards, including Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), and others. Cardholders will have the ability to earn a maximum of 3% crypto back on dining, 2% on groceries, and 1% on all other purchases.

When a cardholder completes a buy, Gemini reportedly carries out the automated conversion of the United States dollar-denominated value of the reward into the selected digital asset and deposits it into the cardholder’s Gemini account.

Cardholders will be able to make adjustments to their selected crypto reward as frequently as they desire, which means customers can earn more than one cryptocurrency.

Gemini chief technology officer Pravjit Tiwana said that the new credit card reaffirms the company’s commitment to removing barriers of entry for consumers who want to get into cryptocurrencies like Bitcoin.