Visa Invests in Deserve After Crypto Card Success – Bits Media

Visa invests in Deserve project due to growing popularity of BlockFi Bitcoin cryptocurrency card. Users were paid rewards for 120 BTC.

Visa announced plans in
interview with Bloomberg startup CEO, card issuer, Kalpesh Kapadia (Kalpesh Kapadia).

"We We are excited about our partnership with Deserve and look forward to continuing to work together to implement cryptocurrency card programs. BlockFi Bitcoin Credit Card Has Been a Great Success", — Visa Vice President for Cryptocurrencies AJ Shanley said (A J Shanley).

In July, Deserve launched a Visa credit card in partnership with a cryptocurrency financial services provider, BlockFi. Using the map, clients can receive rewards in BTC. The volume of card transactions is approaching $2 billion per year, and BlockFi cardholders, according to forecasts, will spend approximately $30 000 in year. This is on 50% more, than the average credit card holder, Kalpesh Kapadia said.

The BlockFi card returns at least 1.5% in BTC with every purchase, and for certain transactions and the use of referral links you can receive additional bonuses. According to Kapadia, the BlockFi card has already brought users rewards of approximately 120 BTC.

In early October, BlockFi
reported an increase in the number of users of its cashback credit card, then the total number of cards issued exceeded 50 thousand.