Interview: Bitcoin Adoption With Quontic Bank

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....

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.

Former Quontic Bank executive Patrick Sells will be responsible for developing NYDIG’s white-labeled crypto services for banks.

During an interview with China Central Television (CCTV), a predominant state television broadcaster, L H Li, the former governor of Bank of China, one of the largest banks owned by the Chinese government, and member of the People’s Congress, stated that the Chinese central bank should try to regulate Bitcoin companies and users rather than attempting to stop the adoption of Bitcoin. Can anyone or anything actually “kill” Bitcoin? Bitcoin runs on a peer-to-peer and decentralized architecture with the absence of centralized government and authority. Anyone within the network can initiate a....

The head of a recently created unit at the Central Bank of Russia devoted to exploring financial technologies sees a wide-reaching role for blockchain use in finance, according to a recent interview. Translated statements from an interview between Russian-language publication Bankir.ru and Vadim Kalukhov, director of the Russian central bank’s Financial Technology, Projects and Process Management Department, paint a portrait of cautious enthusiasm for the technology, a stance consistent with past statements from the institution. The Central Bank of Russia, which earlier this year made....