BlockFi partners with Visa to launch BTC reward credit card in the US

BlockFi partners with Visa to launch BTC reward credit card in the US

BlockFi, a New York-based crypto loans and savings startup, has collaborated with Visa to launch the BlockFi Rewards Visa Signature Credit Card. It is the first-ever Bitcoin (BTC) rewards credit card and is available to over 400,000 approved customers who have been on the United States waitlist since December 2020, when plans were initially disclosed.

Card users are entitled to receive 1.5% back in Bitcoin on an accrual basis for every transaction made through the card, and an additional 2% back in Bitcoin on every dollar spent over $50,000 annually. New users will receive a 3.5% Bitcoin rewards rate as an incentive for the first 90 days or until they receive $100 worth of Bitcoin.

The crypto reward card provides clients with an easy way to acquire Bitcoin without worrying about complicated exchange processes. The card is also accepted wherever Visa cards are accepted, entitling the holders to special upgrades and travel opportunities. Other benefits the rewards card offer includes rebates on trading fees with no annual or foreign transaction fee.

Terry Angelos, SVP and Global Head of Fintech at Visa, said:

Crypto rewards programs are a compelling way to engage consumers in the crypto economy. We’re excited to see programs like the BlockFi Rewards Visa Card, which offer rewards that are relevant to the growing community of digital currency adopters.

Read more

7th Reason For National Bitcoin Reserve: Peer-to-Peer Transactions Slash Banking Intermediary Fees

7th Reason For National Bitcoin Reserve: Peer-to-Peer Transactions Slash Banking Intermediary Fees

Nations adopting Bitcoin as part of their reserves can reduce transaction costs by 2-4% compared to traditional banking systems, based on current international payment data. This cost reduction comes from bypassing multiple financial intermediaries typically involved in cross-border transfers, including correspondent banks, clearing houses, and payment processors. 🧡This article is

By Albert Morgan
6th Reason For National Bitcoin Reserve: Integrating Bitcoin Spurs Digital Transformation in Logistics and Supply Chains

6th Reason For National Bitcoin Reserve: Integrating Bitcoin Spurs Digital Transformation in Logistics and Supply Chains

Countries that add Bitcoin to their national reserves gain an advantage in modernizing their logistics and supply chain operations through blockchain technology adoption. The underlying infrastructure and technical expertise required for Bitcoin integration naturally extends to tracking goods, managing inventory, and processing cross-border payments - core functions that determine economic

By Albert Morgan