Blockchain.com Launches Unlimited 1% Cashback Debit Card
Cryptocurrency exchange Blockchain.com has just launched a Visa debit card, which is a cashback product for all spending transactions.
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Specifically, Blockchain.com's newly launched product will offer a 1% cashback in crypto for every purchase to encourage the public to use it.
The card allows users to pay with cryptocurrencies or fiat currencies. In addition, the platform will not charge subscription fees or recurring fees.
There are currently 50,000 lines waiting for the card , the company said. But initially the product only served the US market and will be expanded to deploy globally from 2023.
Cuy Sheffield, Head of Cryptocurrency at Visa said:
“At Visa, we believe crypto adoption will grow, it's important that it be easily accepted everywhere. We are excited to partner with leading crypto wallets and exchanges like Blockchain.com to open up more ways that consumers can use their crypto to shop on a daily basis.”
Before that, other crypto companies have also launched similar products, such as Binance, FTX, Coinbase and BlockFi.
FoxCryptoNews summary
Oct 27, 2022
