en en nl en en en en en nl en en en en en en es tr pt fr en war war en en en en en en en en en nl en en fr en en en zh en fr en en en en en en en en en en en en en en en en en es es es tr fr en en en en en en en en en en en en en en en en en fa en en en en en en en en en fr en zh en en en war en en en en en en en en en en es en nl en en en en en en en en en en en en en en en en en en en war en en en en en en en en en en en en en en en en en en en nl en war en en en en en sv zh ms uk es ru en eu fi zh es zh de eu es ja en ar sl fr en nl en en en en en lt en en en en en en en en en en en en en en en en en en en en en en en en en en en en fa en en en en en en en en en en en en en en en en en en en en en en en en
Bitpay Reveals Prepaid Cardholders Can Get up to 15% Cash Back Rewards via Select Retailers – CryptoScoop
Your window into the world of crypto
Read Time:3 Minute, 4 Second
The Atlanta-based crypto payment services company Bitpay has announced that Bitpay’s prepaid cardholders are eligible for cash back rewards if they use their card with participating retailers. The rewards feature stems from Bitpay’s partnership with Cardlytics and cardholders can get up to 15% in cash back rewards on purchases from the service from thousands of […]
Bitpay Partners With Cardlytics to Offer Cash Back Rewards to Bitpay Card Users Shopping at Select Merchants
On Wednesday, Bitpay announced that the crypto payment firm has partnered with the publicly-listed company Cardlytics (Nasdaq: CDLX) in order to provide Bitpay cardholders with cash back rewards options from specific retailers. Cardlytics will manage the cash-back rewards platform and Bitpay cardholders can get up to 15% cash back on purchases every time they patronize participating merchants.
Cardlytics is partnered with thousands of unique merchants such as Adidas, Costco, Office Depot, Shake Shack, Sam’s Club, Finish Line, and H&M. Farrell Hudzik, the EVP of financial institutions at Cardlytics, explains that getting rewards for using the Bitpay card at specific merchants is easy. “Working with Bitpay, we offer their crypto cardholders a customized shopping experience where they can earn cash back making the Bitpay card easy to use anytime they shop,” Hudzik said in a statement on Wednesday.
The Cardlytics executive Hudzik added:
We have thousands of brands on our platform and are always looking at where consumers shop to add new merchants to benefit new and existing cardholders.
Bitpay CEO Says Rewards Offer Crypto Enthusiasts Another Incentive to Use the Crypto-Centric Prepaid Card
Bitpay has operated a prepaid card for years now and originally started offering the services through Visa. Now Bitpay cards are tied to the multinational financial services corporation Mastercard’s system. While the Atlanta-based company has offered a crypto-fueled prepaid card, Bitpay did not provide rewards prior to the announcement with Cardlytics. Other companies that provide crypto prepaid card services like Crypto.com give cardholders rewards for spending. Crypto.com not only gives reward payments in cronos (CRO), but the company also partnered with Cardlytics on March 30, 2022.
Bitpay recently added two new crypto assets to the company’s lineup of supported digital currencies which include apecoin (APE) and euro coin (EUROC). That means in addition to being able to load Bitpay’s prepaid card with BTC, BCH, WBTC, XRP, LTC, SHIB, DOGE, ETH, BUSD, DAI, GUSD, USDC, and USDP, Bitpay cardholders can also load their cards with APE and EUROC.
Bitpay also revealed Lightning Network support on April 6, making it so Bitpay App users can leverage bitcoin payments via the Lightning Network. The Lightning Network support was added after Bitpay told the press that the use of bitcoin (BTC) payments had declined in 2021. Bitcoin used for purchases via the Bitpay App went down from 93% in 2020, to 65% during the course of 2021.
Stephen Pair, CEO of Bitpay, detailed on Wednesday that the rewards system gives cardholders incentives to spend with the crypto-centric prepaid Mastercard.
“Cryptocurrencies are becoming increasingly popular and widely used as many like the option to live life on crypto,” Bitpay’s CEO remarked. “Adding a reward program through Cardlytics offers crypto enthusiasts another incentive to get and use the Bitpay Card. It’s easy, just load the Bitpay Card with crypto, spend with dollars, get cash back and see rewards in the Bitpay app.”
What do you think about Bitpay offering cash back rewards for cardholders by partnering with Cardlytics? Let us know what you think about this subject in the comments section below.
Leave a Reply Cancel reply
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Celsius CEO Alex Mashinsky Resigns Amid Tumultuous Bankruptcy Proceedings
On Tuesday, September 27, 2022, Celsius Network CEO Alex Mashinsky submitted a letter of resignation from the company. Mashinsky added that he still plans to help the embattled crypto lender “achieve a successful reorganization.” Alex Mashinsky Resigns From Embattled Celsius — Founder Apologizes for the ‘Difficult Financial Circumstances’ After Celsius paused withdrawals on June 12, […]
$4 billion distressed loans
Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners
Russian Exchanges Ready to Launch International Crypto Payments, Lawmaker Reveals
The Terra Classic (LUNC) Burn Mechanism is Incorporated by Binance
Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000 as Bulls Return to Crypto Markets
Your window into the world of crypto
Copyright © 2022 CryptoScoop Copyright All rights reserved
Theme: True News By Themeinwp. Powered by WordPress.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.