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You can get a crypto rewards Mastercard soon

Mastercard announced a new partnership with Bakkt today for crypto wallets and rewards on crypto credit cards.

Bitcoin illustration

Mastercard and Bakkt announced a new partnership today.

Illustration: Jeremy Bezanger / Unsplash

Mastercard providers will be able to issue crypto debit and credit cards and offer crypto rewards thanks to a new partnership with digital assets exchange Bakkt announced today.

The new partnership will allow consumers to trade cryptocurrencies through Bakkt digital wallets, use branded crypto cards and spend card loyalty points in cryptocurrency instead of dollars or airline miles, for example. Users can also convert their crypto holdings to pay for purchases, according to Monday's announcement.

Current crypto rewards cards are limited mostly to offerings from cryptocurrency companies like Sofi, Blockfi and Gemini, though Venmo also allows user to buy crypto using loyalty points and cash-back rewards.

Anna Kramer

Anna Kramer is a reporter at Protocol (Twitter: @ anna_c_kramer, email: akramer@protocol.com), where she writes about labor and workplace issues. Prior to joining the team, she covered tech and small business for the San Francisco Chronicle and privacy for Bloomberg Law. She is a recent graduate of Brown University, where she studied International Relations and Arabic and wrote her senior thesis about surveillance tools and technological development in the Middle East.

cryptocurrencycryptobitcoincredit cardsmastercard
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