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Gemini launches Solana credit card with automatic staking rewards

Gemini has introduced a Solana edition of its credit card, enabling users to earn and auto-stake Solana (SOL) rewards for yields up to 6.77%. This card marks Gemini's first designed specifically for a blockchain network, incorporating auto-staking for rewards. Users can receive 4% back in SOL for gas, EV charging, and rideshare purchases, alongside 3% for dining, 2% for groceries, and 1% for all other transactions. Customers can automatically stake their rewards through Gemini, contributing to Solana's network security while earning additional yield. The move reflects a trend in merging traditional payment systems with decentralized finance (DeFi) mechanics. Gemini selected Solana due to its robust throughput and developer activity. Data suggests that SOL rewards have significantly appreciated over time, with one-year holders witnessing gains exceeding 290%.

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