{"id":123977,"date":"2020-12-01T21:31:10","date_gmt":"2020-12-01T18:31:10","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/visa-and-blockfi-to-launch-bitcoin-rewards-credit-card-as-adoption-grows\/"},"modified":"2020-12-01T21:31:10","modified_gmt":"2020-12-01T18:31:10","slug":"visa-and-blockfi-to-launch-bitcoin-rewards-credit-card-as-adoption-grows","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/visa-and-blockfi-to-launch-bitcoin-rewards-credit-card-as-adoption-grows\/","title":{"rendered":"# Visa and BlockFi to launch Bitcoin rewards credit card as adoption grows"},"content":{"rendered":"

“# Visa and BlockFi to launch Bitcoin rewards credit card as adoption grows <\/strong>”
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Visa and BlockFi are teaming up to launch a new credit card that rewards users with Bitcoin (BTC), setting the stage for wider mainstream adoption of digital currency.<\/p>\n

BlockFi, a New York-based startup specializing in crypto-backed loans and savings accounts, announced the partnership on Tuesday. As Bloomberg reported<\/a>, 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 <\/p>\n

The card, which carries a $200 annual fee, will be issued by Evolve Bank & Trust. <\/p>\n

Although the credit card will be available to the general<\/a> public in early 2021, BlockFi account holders will be able to sign up beforehand. <\/p>\n

BlockFi is \u201cexcited to add credit cards to our suite of products and expand Bitcoin\u2019s accessibility to a broader set of consumers,\u201d said Zac Prince, founder and CEO of the startup. <\/p>\n

The BlockFi partnership is part<\/a> of Visa\u2019s Fintech Fast Track Program, which \u201caims to speed up the process of integrating\u201d with the credit card network. Terry Angelos, senior vice president and global head of fintech at Visa, said<\/a> the goal of the fast track program is to help innovative companies \u201cscale with efficiency.\u201d<\/p>\n

This isn\u2019t Visa\u2019s first foray into cryptocurrency. Earlier this year, the credit card company partnered with digital startup Fold to offer a debit card that earns crypto-based rewards. <\/p>\n

More broadly, Visa has outlined a positive vision for digital currency adoption \u2014\u00a0reversing<\/a> an earlier, more hostile attitude. As Cointelegraph has reported, Visa\u2019s evolving stance on crypto is to ensure that it maintains its leadership pace in the payments market. Currently, there are more than 25 cryptocurrency wallets connected to Visa\u2019s systems. <\/p>\n

The credit card company is also helping to shape regulations toward digital assets around the world, including working with the World Economic Forum to develop recommendations on the use of central bank digital currencies. <\/p>\n