Quontic Bank launch Bitcoin rewards checking account

Wednesday 16 December 2020 09:39 CET | News

Quontic, an adaptive digital bank, has introduced Bitcoin Rewards Checking.

According to the official press release, Quontic is the first FDIC-insured financial institution in the US to go live with a Bitcoin Rewards debit card. Quontic customers can earn 1.5% in Bitcoin on eligible debit card purchases.

The rewards program offers consumers also a debit card, mobile app, access to over 90,000 surcharge-free ATMs, ApplePay, GooglePay, SamsungPay, Zelle peer-to-peer payments, and more. Quontic is partnering with NYDIG, a financial services firm dedicated to Bitcoin, to provide Quontic with a custody platform to manage the Bitcoin rewards.

Additionally, Quontic has partnered with FIS, a global financial services technology provider, to build a mobile app with Bitcoin rewards tracking, reporting, and functionality which is set to launch in Q2 of 2021.

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Keywords: Quontic, digital bank, Bitcoin, cryptocurrency, Bitcoin Rewards Checking, FIS, US, NYDIG, mobile app
Categories: DeFi & Crypto & Web3
Countries: United States
This article is part of category

DeFi & Crypto & Web3