Global Banking Directory
Press Release Distribution Service
Add Bank | Banking Forum | Scam Alerts!
Earn up to 36% APY on cryptocurrency deposits!
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Financial and Banking News

Visa and BlockFi to launch Bitcoin rewards credit card

Visa Inc. is partnering with cryptocurrency startup BlockFi to offer a credit card that rewards purchases with Bitcoin rather than airline miles or cash.

Users of the Bitcoin Rewards Credit Card will receive 1.5% of their purchases back in the world’s most-valuable digital asset, and a lump sum $250 in the crypto-asset if they spend more than $3,000 in the first three months, BlockFi said in a statement. The card, which comes with a $200 annual fee, will be issued by Evolve Bank & Trust.

Mainstream adoption of Bitcoin received a boost from Visa earlier this year, when the credit card giant joined startup Fold to offer a debit card that earns rewards denominated in the cryptocurrency. Visa’s approach to crypto has been evolving. Just two years ago it was in a public fight with the Coinbase Inc. exchange over issues related to purchases made using its cards. Then, in February, Coinbase and Visa announced the Coinbase Card, which allows users to spend Bitcoin using the Visa debit card.

“We're excited to add credit cards to our suite of products and expand Bitcoin’s accessibility to a broader set of consumers,” Zac Prince, CEO and founder at BlockFi, said in the statement. The company hopes to make the card available in early 2021.

Bitcoin has rallied more than 160% this year, sparking debate over whether the run-up shows it’s becoming a store of value or is in a bubble.

You can sell or buy Bitcoin Cash now as it is accepted by many traders globally.

Source: Bloomberg
Date: 02.12.2020 [360]

Financial and Banking News
 Why is a white label digital bank the best solution for your business in 2022

In the era of media and technology, everything around us is digitized. After the COVID-19 breakout traditional banking actions were replaced or complemented with fintech services. According to the latest Harris polls and Plaid's survey, it has become paramount for 88% of American consumers' financial lives.

 JPMorgan becomes first major bank in the metaverse, opens lounge in Decentraland

JPMorgan has become the world’s first bank to set up shop in the metaverse. The largest bank in the US has opened a lounge in the blockchain-based world Decentraland.

 5 Tips to Make You Stay On Your Holiday Budget

Budgeting, in general, is a challenging task. We tend to go astray with our budgeting and end up overspending instead. The challenge of budgeting becomes more complicated during the holiday season when sales are everywhere.

 Public-Private Partnership project value exceeds US$223 bn in MENA as delegates gear up to discuss opportunities at the PPP MENA Forum

As many as 242 public-private partnership projects worth US$223 billion (Dh818 billion) are under development in the Middle East and North Africa region, according to recent reports, which is set to go up as project execution picks up with return to normalcy and higher oil price that will fuel economic growth in the Middle East – pushing public-private partnership sector. 07.01.2022 | Source: Great Minds Event Management

 UK bank bans cryptocurrency amid fraud concerns with Binance and Kraken

TSB Banking Group Plc. is set to ban more than 5 million customers from buying cryptocurrencies amid fears over "excessively high" fraud rates on trading platforms, according to a report by the U.K.’s Telegraph newspaper.

 📰 News Archive
Get your content published on BanksDaily.com with the PrNews platform in just a few clicks.

2007-2022 © BanksDAILY.com | Donate