Visa and BlockFi to launch Bitcoin rewards credit card as adoption grows
The new credit card will offer Bitcoin rewards rather than airline miles or cash. Visa Inc. 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. BlockFi, a New York-based startup specializing in crypto-backed loans and savings accounts, announced the partnership on Tuesday. 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 The....
Related News
Blockfi has unveiled a credit card with bitcoin rewards in collaboration with Visa. This is “the first credit card that lets you earn bitcoin back with every purchase,” Blockfi detailed. Visa Credit Card Offering Cash Back in Bitcoin Crypto financial services provider Blockfi announced on Tuesday that its customers can start signing up for “The world’s first bitcoin rewards credit card” that will launch early next year in collaboration with Visa. “We’re excited to announce an innovative new product we’ve been working on for a long time: the....
Cardholders will earn a percentage back in Bitcoin instead of airline miles or other cashback rewards New York-based crypto loans and savings startup BlockFi launched its Bitcoin (BTC) rewards credit card today. The card is available to select approved customers on the United States waitlist. Officially named BlockFi Rewards Visa Signature Credit Card, the card was first announced at the end of last year by Visa and BlockFi. Available to use anywhere Visa is accepted, the card allows its recipients to earn 1.5% back in Bitcoin instead of airline miles or other cashback rewards. Earned....
BlockFi CEO Zac Prince said it will be the first credit (not debit) card in the cryptocurrency industry.
Owners of the Visa-backed Bitcoin rewards card amassed over 124 BTC collectively over 90 days, BlockFi data shows. Bitcoin (BTC) turned out to be a far more attractive prize than airline miles or other cashback rewards, new data from BlockFi suggests. It’s been three months since the New York-based crypto loans startup launched its Visa-backed Bitcoin rewards credit cards, BlockFi Rewards Visa Signature Credit Card, to customers. The card offers rewards in Bitcoin instead of using a more traditional points system.According to the company, if the average Bitcoin rewards card owner continues....
Gemini Credit Card will allow users to earn rewards paid in Bitcoin and other cryptocurrencies. Users of the Gemini exchange can now sign up for a cryptocurrency rewards credit card that lets them earn up to 3% back in Bitcoin (BTC).The Winklevoss-led exchange and custodian announced Thursday that the waitlist for the Gemini Credit Card is now open. According to an announcement shared with Cointelegraph, the new card will be launched later this year. Gemini disclosed that it has acquired Blockrize, a crypto payments startup headed by product developers formerly of American Express,....