New Credit Card to offer "Cash-Back" in Bitcoin? - by @voiceofreason by brightideas

bitcoin · @brightideas · Mar 14 '18 (edited)

$63.69

New Credit Card to offer "Cash-Back" in Bitcoin? - by @voiceofreason

https://s13.postimg.org/pjyttx6uf/MW-_GF074_Blockr_20180308110501_NS.png
(Source: https://www.marketwatch.com/story/you-could-soon-earn-credit-card-rewards-in-cryptocurrency-2018-03-08)

# You have heard of Cash Back credit cards right, well now you can get crypto-back cards!

According to the news release, any time a customer purchases something he will get back 1% of the purchase price in BTC or Ethereum.

The Card is called Blockrize.

There is currently a 2000 person wait list even though the card still doesn't have a bank backing the idea just yet.

However, I would imagine considering there is a 2000 person wait list, some bank out there will want to get involved.

# The idea man is 25 year Thomas Harrison from San Francisco.

https://s13.postimg.org/lm6yr6n1z/MW-_GF071_MLHarr_20180308105436_MG.jpg

(Source: https://www.marketwatch.com/story/you-could-soon-earn-credit-card-rewards-in-cryptocurrency-2018-03-08)

So far he is the only employee of Blockrize but hopes to be adding new team members in the immediate future.

Users will be able to select earnings rewards via bitcoin, ether, or a 50/50 split of both.

The tax implications are currently unclear as these would be more akin to "gifts" than investments.

# Overall this is a great idea and one I would not be surprised to see implemented in the next few months since there are already 2000 people wanting to participate.

The plan is to launch the card in the second half of 2018.

More about the news announcement can be found here:

https://www.marketwatch.com/story/you-could-soon-earn-credit-card-rewards-in-cryptocurrency-2018-03-08

Not sure about you, but I plan on getting one of these when they come out!

👍 gavvet, dragonslayer109, steemwizards, lordvader, mandela, timsaid, sportspodium, ngos, sme, brahma, pharesim, crazymumzysa, africaunited, jacor, fred703, calypso, harferri, a2jimenez, ruthofisrael, brightideas, graviton, steemship, domavila, beerbloke, zephyr202, freyman, merchantofmagic, miloje13, jacor-witness, dmytrokorol, sovereignalien, ankavatar, brakan, welovemusic, grampa-coin, jerelyn, eadghe, hickok45, sleepyheadd07, acecauis, raorac, cherishhumanity, ototom, kay.karey, steve-walschot, egsand, irwandihasan, reset221, gmorocoima, l8r

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@ipostbtcprice · Mar 11 '18

For future viewers: price of bitcoin at the moment of posting is 9690.30USD

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@raorac · Mar 11 '18

I think that's a fantastic idea. This Thomas Harrison's a smart guy, let's see if this gets through. 

Anyway, I've already gotten on the [waiting list](https://www.blockrize.com/) to set it. 

Thanks for your tip, I haven't read the article yet. 😊

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@whatageek · Mar 11 '18

$0.49

Sounds cool, good way to get more people into crypto.

👍 whatageek

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@incognitoct · Mar 11 '18

TenX for posting this. Is it on Visa or Mastercard?

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@zemiatin · Mar 11 '18

Ha. This is pretty awesome idea and with a wait list of 2000 people already I guess it will have chance of materialising.

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@ototom · Mar 11 '18

Please how do i order or request for it???

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@sovereignalien · Mar 11 '18

I like this idea and reported about it last night on Sovereign Starcast!
Excellent article

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@fury123 · Mar 11 '18

$0.21

How is this any different than tenx?

👍 fury123, hennessy

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@hennessy · Mar 11 '18

probably that the company only has one employee. Thomas Harrison himself. 😂

👍 hennessy, bitcoinwolf

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@hennessy · Mar 11 '18

I stay with TenX

👍 hennessy, bitcoinwolf

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@wesakab · Mar 11 '18

How is that going to be possible? Banks don't like bitcoin.

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@burakisirgan · Mar 11 '18

thank you for this valuable work :)

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@jerelyn · Mar 12 '18

hi, any idea if it can be use in the Philippines?

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