Gemini Launches Solana-Branded Credit Card With Automatic SOL Staking
According to Gemini, the newly introduced Solana Card adds auto-staking functionality, allowing users to earn SOL rewards seamlessly through everyday transactions.
SOL
Fact Check
The statement is strongly supported by a recent news report from solanafloor.com, which explicitly announces a Solana-themed Gemini credit card with an automatic staking feature. This claim is highly plausible as other provided evidence confirms Gemini already operates a credit card, offers crypto rewards, and has an established Solana staking service.
Summary
Gemini officially announced the expansion of its crypto credit card offerings with the launch of the Solana Card. The new card includes an auto-staking feature, enabling users to earn staking rewards automatically on SOL tokens from everyday purchases. The staking process is managed within Gemini’s ecosystem, providing a user-friendly way for customers to engage with the Solana blockchain while benefiting from passive earnings.
Terms & Concepts
- Staking: The process of locking up cryptocurrency to support blockchain operations—such as validating transactions—in exchange for rewards.
- Solana (SOL): A high-performance blockchain known for fast transaction processing and low fees, using the SOL token as its native currency.
- Crypto Rewards Credit Card: A payment card that allows users to earn cryptocurrency as rewards instead of traditional cashback or points.