Publicly traded crypto exchange Gemini has launched a new Zcash-themed credit card that allows users to earn rewards denominated in ZEC, expanding its lineup of branded cards tied to major digital assets.
The Gemini Credit Card Zcash Edition follows earlier releases linked to Bitcoin, Solana, and XRP. Like those cards, it offers automatic crypto rewards on everyday purchases and carries no annual fee. Cardholders can earn up to 4% back in crypto on qualifying transactions, with rewards paid out in near real time.
Users are not limited to ZEC. Gemini says cardholders can choose from more than 50 supported cryptocurrencies when selecting how rewards are paid, allowing balances to be held, traded, or converted within the platform.
Expansion of Gemini’s card and payments efforts
Gemini co-founder Tyler Winklevoss acknowledged the launch in a post on X, describing privacy as a foundational principle rather than a niche feature. Zcash is known for its optional privacy protections, which allow users to shield transaction details while still operating on a public blockchain.
Privacy is normal and a precondition to your freedom and self-sovereignty.
— Tyler Winklevoss (@tyler) January 27, 2026
Your privacy journey begins today with the Zcash edition @Gemini Credit Card.
Onward. https://t.co/vFBHhtMV5s
Tyler Winklevoss Official Message.
According to data shared by the company, cardholders who opted to receive rewards in ZEC and held those rewards for at least one year experienced gains exceeding 900%, showing the token’s broader price appreciation over that period.
A Gemini spokesperson said ZEC ranks among the platform’s top ten reward assets by user selection.
The Zcash Edition is part of Gemini’s broader push into crypto-linked payment products. The exchange’s credit card program is issued in partnership with WebBank and runs on the Mastercard network, positioning it alongside traditional rewards cards while settling benefits in digital assets.
In November, Gemini disclosed that it was working with WebBank, Ripple, and Mastercard to explore the use of Ripple’s dollar-backed stablecoin, RLUSD, for settling fiat credit card transactions. The initiative focuses on backend settlement infrastructure rather than consumer-facing changes and remains in an exploratory phase.
That same month, the Winklevoss brothers led a funding round for a firm establishing a Zcash-focused digital asset treasury. Gemini has not stated whether the investment is directly related to the card launch or its rewards strategy.
Corporate and market context
The product release comes during a volatile period for Gemini as a newly public company. The exchange completed its public offering earlier this year, pricing shares at $28 before briefly rising above $37, implying a valuation of roughly $4.4 billion. Since then, the stock has fallen sharply, declining more than 75% from its peak to trade near $9.12 by the end of the most recent session.
Regulatory pressure on the firm has eased in recent weeks. Earlier this week, the U.S. Securities and Exchange Commission dismissed its civil enforcement action related to Gemini’s Earn program, bringing a long-running legal dispute to a close.
ZEC was down approximately 6% over the past 24 hours at the time of writing, trading around $374. Despite recent declines, the token remains up more than 750% over the past year. Price volatility has increased in recent weeks following internal disagreements among protocol developers, some of whom have departed to form a new company.
Anastasiia G
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