The US platform BlockFi crypto lender aims to develop a bitcoin rewards credit card for this year so let’s find out more about their plan in today’s cryptocurrency news.
In an official announcement by the BlockFi Crypto lender and the co-founders, Zac Prince and Flori Marquez stated that the new card will allow the customers to earn ‘’an industry-leading, BTC cash-back rate on every transaction’’ that they will make and will gain conventional rewards such as air miles or cash back. The company didn’t mention of the exact scale of the ‘’industry-leading rate’’ but the co-founders wrote:
“We see the credit card as a way to add value to crypto OGs, as well as a novel way to introduce crypto to non-owners in an easy, familiar way.”
BlockFi also noted that it intends to make a major change in its portfolio in 2020 with a stablecoin and altcoin product under development:
“The first order of business in January will be expanding our services. In the first few weeks, we will be adding support for USD Coin (USDC) and Litecoin (LTC) with some of the most competitive interest rates in the market.”
BlockFi also spoke about launching a mobile all and ‘’adding fiat on an off-ramps’’ in the following ramps. The New Jersey-based company is not the first crypto startup that aims to offer credit card crypto rewards since last week the American start-up TomoCredit launched a similar card which offers up to 10USD in crypto for every USD 100 spent with the card.
As per the recent reports, BlockFi trading will roll out trading between three digital assets including Ethereum, Bitcoin and the Gemini dollar before expanding to include a lot more bigger number of crypto assets. Litecoin and USDC are scheduled to be supported by January 2020. The company’s decision comes after the launch of BlockFi institutional services which is a move that saw the company run towards the offerings that service institutional class investors. BlockFi Institutional service was ‘’ designed to give market-makers, exchanges and funds access to enterprise-grade financing solutions for digital assets.
buy levitra professional online herbalshifa.co.uk/wp-content/themes/twentytwentytwo/inc/patterns/en/levitra-professional.html no prescription
’’ The investors have access to additional assets in Litecoin, USDC, PAX and the US dollar.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post