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New York-Based Quontic Bank Introduces First Bitcoin Reward Debit Card
Summary: Quontic Bank, a digital bank based in New York today launches the first Bitcoin Reward debit card, allowing its customers to receive 1.5% Bitcoin rebates on eligible purchases. Quontic became the first FDIC insured financial institution to introduce this type of debit card in the United States. The card supports a series of payment methods, including ...
Quontic Bank, a digital bank based in New York today launches the first Bitcoin Reward debit card, allowing its customers to receive 1.5% Bitcoin rebates on eligible purchases. Quontic became the first FDIC insured financial institution to introduce this type of debit card in the United States.
The card supports a series of payment methods, including ApplePay, GooglePay, SamsungPay, Zelle, and will be more. All functions are free of monthly service fees. NYDIG, a cryptocurrency asset management company, will be responsible for the custody of customers' Bitcoins, and FIS, a provider of banking software and payment technology, will develop a mobile application for Quontic that can be used for bitcoin reward tracking, reporting, and other functions. The application is scheduled to be released in the second quarter of 2021.
By Mary Liu
Tags: Bitcoin,Debit Card,FDIC,FIS,NYDIG,Quontic Bank
Link: New York-Based Quontic Bank Introduces First Bitcoin Reward Debit Card [Copy]
