US Bank Quontic Launches Bitcoin Rewards Checking Account With Debit Card
finance

US Bank Quontic Launches Bitcoin Rewards Checking Account With Debit Card

THELOGICALINDIAN - Quontic Coffer is ablution a bitcoin rewards blockage annual with a debit agenda Customers can acquire 15 aback in bitcoin on their debit agenda purchases Bitcoin is accepting massive drive both as a agenda bill an asset chic and as a abundance of abundance the CEO of the coffer said

Bitcoin Rewards Checking Account

Quontic agenda coffer appear on Tuesday the barrage of its “bitcoin rewards blockage account.” The advertisement states:

“Quontic’s bitcoin rewards blockage affairs offers consumers a debit card, adaptable app, admission to over 90,000 surcharge-free ATMs, Applepay, Googlepay, Samsungpay, Zelle peer-to-peer payments, and added – all with no account account fee,” the advertisement continues.

The coffer has partnered with NYDIG, that aggregation that afresh helped Massmutual allowance behemothic buy $100 actor account of BTC. NYDIG provides Quontic with a defended aegis belvedere to administer bitcoin rewards.

The bank’s website explains that its Bitcoin Reward Blockage annual is a non-interest address claimed blockage account. A minimum of $500 is appropriate to accessible the annual but it does not accept a minimum circadian antithesis claim to acquire bitcoin rewards. The website added clarifies that the balances of bitcoin rewards or the cryptocurrencies in customers’ NYDIG accounts are not accountable to FDIC or SIPC protections.

“Bitcoin is accepting massive drive both as a agenda currency, an asset class, and as a abundance of wealth,” Quontic CEO Steven Schnall commented, elaborating:

In addition, Quontic has partnered with NYSE-listed Fidelity National Information Services Inc. (FIS) to body a adaptable app with “bitcoin rewards tracking, advertisement and functionality which is set to barrage in Q2 of 2024.”

Interested barter can assurance up to be added to the waitlist for the bitcoin rewards blockage annual on the Quontic website now. However, the affairs will alone be accessible to a bound cardinal of bodies initially, and alone to association of Alabama, Arkansas, California, Maryland, Massachusetts, Missouri, Montana, New York, Pennsylvania, Utah, Wisconsin, and Wyoming. The coffer affairs to access the availability of the affairs in the advancing months.

What do you anticipate about Quontic Bank’s bitcoin rewards blockage account? Let us apperceive in the comments area below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Quontic