Home » Blockchain.com Launches Crypto Visa Card With 1% Cashback Crypto Rewards – Bitcoin News

Blockchain.com Launches Crypto Visa Card With 1% Cashback Crypto Rewards – Bitcoin News

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Cryptocurrency company Blockchain.com has announced the launch of a new crypto-centric prepaid Visa card. So far, 50,000 users have signed up for the waiting list. In addition to launching a cryptographic Visa card powered by card issuing platform Marqeta, a Blockchain.com Visa user will be able to receive 1% of his cryptocurrency every time he spends funds using the card.

Blockchain.com Announces Crypto Visa Card

Blockchain.com joins Crypto.com, Ripio, Bitso, Coinbase, Bitpay, Blockfi, FTX and more to announce the launch of a new crypto-enabled prepaid Visa card. According to Wednesday’s announcement, Blockchain.com Visa users will be able to “offer the opportunity to spend their cryptocurrency balances without fees and earn cryptocurrency rewards.”

Blockchain.com Launches Crypto Visa Card with 1% Cashback Crypto Rewards
Blockchain.com CEO Peter Smith unveils new crypto-centric Visa card during Yahoo Finance broadcast.

Additionally, 50,000 registered users have signed up for the company’s new crypto payment card. Blockchain.com CEO Peter Smith said, “As one of the oldest and most trusted platforms in the cryptocurrency industry, we want to make cryptocurrencies as easy to use in the real world as possible. We’re excited to deploy a natural next step in making it accessible to humans.” He said in a statement sent to Bitcoin.com News on Wednesday.

Smith added:

This is a prime example of how digital assets shaping the future of (mainstream) finance have left their mark on the existing financial services industry.

Blockchain.com’s Visa card announcement follows company’s multi-year partnership agreement With Dallas Cowboys quarterback Dak Prescott. The company previously signed a contract In mid-April, the entire Dallas Cowboys team became the “Exclusive Digital Asset Partner” of NFL teams.

In an announcement Wednesday, Cuy Sheffield, head of Visa’s cryptocurrency division, believes mainstream financial solutions such as cards can help boost that effort if crypto adoption continues to grow. I explained.

“At Visa, we believe that ease of acceptance everywhere is critical to growing adoption of cryptocurrencies,” Sheffield said in a statement. “We are excited to partner with leading cryptocurrency wallets and exchanges like Blockchain.com to further expand the ways consumers can use cryptocurrencies for their everyday purchases.”

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50000 registrants, Blockchain.com, Blockchain.com CEO, Blockchain.com Visa, Crypto, adoption of cryptography, crypto assets, Cryptocurrency, Qui Sheffield, Dak Prescott, dallas cowboys, digital assets, mainstream finance, peter smith, visa card, Visa’s crypto unit, waiting list

What do you think about Blockchain.com launching a crypto-centric prepaid Visa card? Let us know your thoughts on the matter in the comments section below.

Jamie Redman

Jamie Redman is a news lead for Bitcoin.com News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols currently emerging.

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