Quontic Bank Launches Bitcoin Rewards Checking Account With Debit Card for US...
Quontic Bank is launching a bitcoin rewards checking account with a debit card. Customers can earn 1.5% back in bitcoin on their debit card purchases. “Bitcoin is gaining massive momentum both as a digital currency, an asset class, and as a store of wealth,” the CEO of the bank said. Bitcoin Rewards Checking Account Quontic digital bank announced on Tuesday the launch of its “bitcoin rewards checking account.” The announcement states: Quontic is the first FDIC-insured financial institution in the U.S. to go live with a bitcoin rewards debit card. Quontic customers....
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Quontic announced that it’s now the “first FDIC-insured financial institution in the U.S. to go live with a bitcoin rewards debit card.” The post Quontic Launches First Bitcoin Rewards Checking Account appeared first on Bitcoin Magazine.
Steven Schnall of Quontic Bank joined the "Bitcoin Magazine Podcast" to discuss a new bitcoin-back debit card and banking adoption of Bitcoin. The post Interview: Bitcoin Adoption With Quontic Bank appeared first on Bitcoin Magazine.
Facebook users will now be able to send money to their friends through the company's messaging app, Messenger. To use the service, the network members will need to connect a debit card or bank account to their Facebook profile. The long awaited app was announced this Tuesday. The app will let users connect their debit card to their Facebook account allowing them to easily send money to other Facebook users. The Messenger app has reshaped its interface and introduced a small "$" icon above which opens the payments tab where users can manage their funds. The app can be used on android....
A new Bitcoin debit card has been introduced to the U.S. The fully functional Shift card costs US$10 to order and users can spend US$1,000 a day on purchases with preloaded Bitcoin. Now Americans can enjoy a card that’s tethered to their Coinbase account and spend Bitcoin on the go. Disclaimer: Bitcoin.com is not associated with Shift and is not....
Morning Consult conducted a national survey of 1,999 registered voters in the U.S. from Oct. 13 -15, 2016, and came up with data that shows that more than six in ten consumers want a repeal of the merchant markup, known commonly as the Durbin Amendment of the Dodd-Frank Act. As a part of the 2010 Dodd-Frank Act, the Durbin Amendment lowered debit card interchange fees — charges that stores pay banks every time a customer swipes a debit card to make a purchase — costing consumers an estimated $4 bln annually. According to the Federal Reserve, a transaction involves five main parties: the....