The future of cashback: Companies adopts crypto back rewards for card purchases
Companies started to offer crypto back rewards for credit card transactions, from business expenses to monthly subscription payments. Receiving cashback from your credit and debit card purchases has been a long-time benefit for credit card users. However, crypto entered the scene as projects start to implement crypto back rewards for card purchases. Back in 2021, BlockFi launched a Visa-backed Bitcoin rewards card as a way to welcome users into the crypto ecosystem. With the card, users can get 1.5% back in Bitcoin (BTC) instead of other rewards like cashback or miles. In the same year,....
Related News
The exchange will offer up to 3% cashback in the form of cryptocurrency for users of its upcoming Mastercard credit card. New York cryptocurrency exchange Gemini announced on Tuesday the pending release of the Gemini Credit Card, which will allow cryptocurrency holders to spend crypto and receive cashback rewards in the form of Bitcoin (BTC) or any other cryptocurrency available on the Gemini platform.The credit card will be released in conjunction with Mastercard and will be issued by online banking institution WebBank. It is expected to be released this coming summer and has reportedly....
A recent announcement by PayPal has revealed that Venmo users can now convert cashback rewards to crypto. The new feature will allow credit card-holding customers to be able to purchase crypto on their accounts. But they would only be able to do so using the cashback rewards earned for their spending. The feature is known […]
StormX has quietly rallied more than 2,800% since February as the project's crypto rewards program and plans to launch a debit card bear fruit for early investors. Cashback rewards for purchases have long been a popular tactic used by banks and credit card companies to entice consumers to use their services.Several cryptocurrency companies like BlockFi and Coinbase have revealed future plans to offer cryptocurrency-backed debit and credit cards that offer cashback rewards in Bitcoin and StormX (STMX) has joined the crowd.StormX (STMX) is a gamified marketplace that allows users to earn....
Dallas Mavs fans who spend more than $150 worth of Dogecoin in one transaction will receive a $25 e-gift card that they can use for purchases on the team's online store. Dallas Mavericks, Mark Cuban’s NBA franchise, started a cashback rewards program to incentivize merchandise and ticket payments in Dogecoin (DOGE). The rewards program is dubbed “Mavs Cryptomania,” and customers who spend more than $150 worth of Dogecoin in one transaction will receive a $25 e-gift card that they can use for online purchases in the Dallas Mavs shop. The program is slated to finish on September 30. At the....
If there is any way to bring in customers that is almost foolproof, it is through bonuses, rewards, and perks. Different industries have done this for years and now, it seems that Crypto is doing the same. As more people are enthusiastically embracing cryptocurrency, many more firms in the FinTech space are offering rewards, and experiencing positive consumer results. One of the latest examples of this is Plutus, a Crypto finance app that, on March 31, 2022, launched a new rewards programme that offers up to 8% cashback for shopping with a Visa Debit Card. Plutus on the Rise The recent....