Digital currency obsolescence cryptocurrencies, which have a long one, still have not reached a sufficient usage rate. However, some moves to increase some cryptocurrencies point out that digital currencies will be used more in daily life. One of these moves came from Visa, one of the world's largest financial services companies.
According to the news shared by Business Insider, Visa will present a new credit card to customers in 2021 candidates with Bitcoin cashback rewards. The financial services company has partnered with cryptocurrency startup BlockFi for the "Bitcoin Rewards Visa Credit Card" with an annual fee of $ 200.
Users of this card will get back 1.5% of their purchases in digital size. However, according to BlockFi's statement, in the card registry, they will receive a $ 250 Bitcoin bonus if they spend $ 3,000 or more in the first three months of receiving the card.
The new card, to be issued by Evolve Bank & Trust, aims to serve cryptocurrency enthusiasts who are exploring ways to add Bitcoin assets to their Investments. In the statement, BlockFi said that this card offers an easy entry point that allows consumers to accumulate Bitcoin through daily spending.
Meanwhile, Visa's adoption of Bitcoin didn't start with BlockFi. Last April, the company partnered with another initiative called FOLD to offer Bitcoin-denominated rewards. In addition, in February, Visa and COINBASE announced the Coinbase Card, which allows them to issue Bitcoin using recycling debit cards.
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