Visa and BlockFi to launch Bitcoin rewards credit card as adoption grows
Visa and BlockFi to launch Bitcoin rewards credit card as adoption grows
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The new credit card will offer Bitcoin rewards rather than airline miles or cash.
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Visa and BlockFi are teaming up to launch a new credit card that rewards users with Bitcoin (BTC), setting the stage for wider mainstream adoption of digital currency.
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BlockFi, a New York-based startup specializing in crypto-backed loans and savings accounts, announced the partnership on Tuesday.
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As Bloomberg reported, the new credit card will reward purchases with Bitcoin rather than airline miles or other cashback rewards. Cardholders will be eligible to receive 1.5% of their purchases back in BTC.
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The card, which carries a $200 annual fee, will be issued by Evolve Bank & Trust.
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Although the credit card will be available to the general public in early 2021, BlockFi account holders will be able to sign up beforehand.
Courtesy- Blockchain News
