Cryptocurrency exchange Gemini has announced the “Solana Edition Credit Card,” a new offering that allows users to earn up to 4% SOL rewards on their purchases and automatically stake these rewards for additional returns. Inspired by Solana’s visual identity, this card is a next-generation financial product that merges cryptocurrency-focused spending habits with traditional payment systems.
Earn SOL Rewards with Solana-Based Card
Building on the success of its previous XRP-themed credit card, Gemini’s Solana Edition is part of the exchange’s strategy to expand its rewards ecosystem. The XRP card garnered significant interest by offering up to 4% in XRP without an annual fee. The Solana version extends similar advantages by incorporating a staking feature, allowing for enhanced benefits.
Within the Gemini Vault Rewards program, users can enjoy additional reward opportunities of up to 10% at selected stores. The automatic staking feature enables the earned SOL coins to be processed instantly through the Gemini account. Gemini has indicated that this system can offer an annual return rate of up to 6.77%.
Moreover, Gemini is accelerating the integration of assets on the Solana network. Last month, the exchange transferred USDC and USDT transactions to the Solana network, aiming to make stablecoin operations faster and more cost-effective. This approach strengthens Gemini’s long-term transition towards blockchain-based financial infrastructures.
Gemini’s Ecosystem Expansion
Gemini’s new card is highlighted as part of the exchange’s global expansion vision. In May, the exchange obtained a MiFID II license in Malta, granting it the legal right to offer cryptocurrency derivatives across Europe. This license has opened the European Union market to Gemini on a permanent basis.
Founders Cameron and Tyler Winklevoss also made a $21 million Bitcoin donation to support crypto-friendly political initiatives in the U.S. Concurrently, Nasdaq’s $50 million investment in Gemini ahead of its planned IPO bolstered traditional finance sectors’ confidence in the exchange.