Visa and BlockFi to launch Bitcoin rewards credit card
Visa and BlockFi are teaming up to launch a new credit card that rewards users with Bitcoin, setting the stage for wider mainstream adoption of digital currency, Cointelegraph reports.
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 card, which carries a $200 annual fee, will be issued by Evolve Bank & Trust.