Blockchain.com Launches Crypto Visa Card With 1% Cashback Crypto Rewards

Crypto firm Blockchain.com has announced the launch of a new crypto-centric pre-paid Visa card and so far, 50,000 users have registered for the waitlist signup. In addition to launching its crypto Visa card powered by the card issuing platform Marqeta, Blockchain.com Visa users will earn 1% back in crypto whenever they spend funds using the card.

Blockchain.com is joining the likes of Crypto.com, Ripio, Bitso, Coinbase, Bitpay, Blockfi, and FTX by announcing the launch of a new crypto-loadable pre-paid Visa card. According to the announcement on Wednesday, Blockchain.com Visa users can “spend from a crypto balance fee-free and offer the opportunity to earn crypto rewards.”

Moreover, 50,000 registered users have already signed up for the company’s new crypto payments card. “As one of the crypto industry’s oldest and most trusted platforms, we’re excited to roll out the natural next step to make crypto easy to use in the real world and accessible to as many people as possible,” Blockchain.com’s CEO Peter Smith said in a statement sent to Bitcoin.com News on Wednesday.

Smith added:

This is a prime example of digital assets making their mark on the existing financial services industry, as we shape the future of (mainstream) finance.

Blockchain.com’s Visa card announcement follows the firm’s multi-year partnership deal with the Dallas Cowboys quarterback Dak Prescott. The company previously inked a deal with the entire Dallas Cowboys team in mid-April becoming the NFL team’s “exclusive digital asset partner.”

During the announcement on Wednesday, Cuy Sheffield, the head of Visa’s crypto unit, explained that the payments giant believes if crypto adoption is to continue to swell, mainstream finance solutions like cards help bolster that effort.

“At Visa, we believe for crypto adoption to grow, it’s critical for it to be easily accepted everywhere,” Sheffield said in a statement. “We’re excited to partner with leading crypto wallets and exchanges like Blockchain.com to unlock more ways consumers can use their crypto for everyday purchases.”

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