Credit Cards Offering Crypto Rewards
This new feature is picking up mainstream attention
The ASSEMBLE Protocol is a blockchain-based global point integration platform that exploits ASM utility tokens, whilst establishing a business ecosystem that can integrate, utilize existing points and miles with point providers, consumers and retailers.
Hello, dear readers!
Today we’re excited to discuss a new development in the blockchain world: crypto rewards replacing cash points for major credit card companies. Paypal and Venmo have created new features that support crypto trading and the ability to receive your desired cryptocurrency as “cash back” when you sign up for their program. We go over all these exciting innovations in the following article.
Receiving Crypto Rewards Instead of Cash Points
We’re sure you’re familiar with credit card points. Now, many companies are offering crypto rewards instead of cash reward points.
Venmo, a P2P mobile payment company, has launched a service that allows credit card points to be saved as cryptocurrency, not cash points. Along with its parent company PayPal, they are working hard to make “cryptocurrency” seen as real “currency.”
Venmo has also launched a “Cash Back to Crypto” service. This service automatically purchases cryptocurrency with your cashback rewards as soon as you make a purchase with a credit card linked to the application. There is no fee for exchanging your rewards for cryptocurrency, which makes it really easy for customers to use.
Thus far, a total of four cryptocurrencies can be exchanged through credit card cashback services: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. It’s already possible to trade cryptocurrency through several cryptocurrency-related services.
Companies like PayPal are leading the way for cryptocurrency-related services. In addition to trading cryptocurrency on its app, 29 million stores affiliated with PayPal have launched services that allow users to use cryptocurrency as a payment method. Venmo is the world’s largest mobile payment company and is a leading U.S. remittance payment company with over 70 million members. That is why the business world is paying attention to the launch of a series of cryptocurrency-related services by these two companies. Companies like PayPal and Venmo are continuously creating and expanding functions that support cryptocurrency’s use as a “currency.” This has led more and more companies to review their services and gradually start to approve of them.
Currently, many companies are releasing cryptocurrency-based credit cards. Some cards even let you use cryptocurrency to pay your bill instead of cash. Or, as we mentioned above, you can also receive cryptocurrency as your cashback reward. All of this bodes well for the future adoption of cryptocurrency in the mainstream world.
We hope this news is exciting for you! We are so thrilled to hear that more and more companies are adopting cryptocurrency. As cryptocurrency becomes more accessible to average users, its use cases will multiply. This is good news for crypto and our point-based app. Thanks for checking in today, see you next time!
