Cryptocurrency and debit cards are two concepts which seemingly do not mix well. However, Revolut, a fintech startup, is now entering the digital asset market with a new metal debit card that offers customers with a cashback program which supports cryptocurrency.
Revolut Taps Cryptocurrency
Finding a debit card which directly supports Bitcoin and other digital currencies is a major challenge these days. Ever since Visa revoked Wavecrest’s license sometime back, very few companies have been able to provide customers with seamless crypto-fiat integration.
Revolut is one of the few exceptions, albeit with a twist. Their metal debit card supports cryptocurrencies in a multitude of ways. Funding one’s balance with Bitcoin, Ethereum, or Bitcoin Cash are some of the logical options to explore. These conversions are done through real exchange rates and provide many advantages to international clients.
But what makes this card unique is its ‘cryptocurrency cashback feature’. This means users can earn back up to 1% of their purchase in cash via one of the five cryptocurrencies supported by the company.
Getting cryptocurrency into the hands of everyday consumers has been a big challenge for several years now. With the support of Mastercard, Revolut’s latest offering can help push the Bitcoin industry forward as a whole.
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