1% Cryptocurrency Cashback When You Spend Fiat
On today’s episode of The Cryptoverse I want to talk about something I’ve been waiting for that is finally a reality and that is cryptocurrency cashback on your fiat purchases with Revolut Metal.
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According to the Daily HODL, you can earn 1% on card transactions made outside of Europe but only 0.1% on transactions inside Europe...
https://dailyhodl.com/2018/08/22/revolut-gives-millions-a-new-way-to-earn-bitcoin-ethereum-xrp-and-litecoin/
https://www.revolut.com/metal crypto news
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I was excited about this too, until I realised that I can't withdraw the crypto. I would have to convert it back to fiat in the app and then buy crypto again. I'll just buy a bit each week, when I think the bear market is over.
I know! The inability to withdraw the crypto is so stupid! I realised that after publishing the video.
Interesting that is seems they will use the Mastercard network and they do not mention it in the promotion. Something certainly worth the review if it could be used in the US. Also love the name that implies revolution in the payments space!
This would be awesome - better than cash back, and potentially more valuable than points. I can get a monthly position in projects I think that are going to do well hold. Too bad the good ol USA will take 10 years adopt this model.
Yes, I'm sorry that the US is cut off from so many crypto opportunities.
Great idea especially with the way I spend. I currently use a Barclay Master Card rewards. I would absolutely replace it with this Metal card if I was able to apply. It's not available to U.S. residents. Can I use your address Chris? LOL! 😁
Funny :)
Sounds like Monaco Visa card. Have you looked at Monaco visa card? They seem like a really good Crypto project and the team seems to be very good.
I interviewed Monaco prior to their ICO. However they have developed a lot since then.
Is there any way to get the cashback option as no premium user?
It's a good question and I think the answer is no. So you'd have to be spending a bit to make it worth while.
I've been earning 1% crypto cashback on my Wirex card for over a month now. If bitcoin does eventually get to the stupidly high valuations thrown about for the mid 2020's the amount of crypto cashback will be worth almost half the amount of money ever spent on the card! :oO
That's why I am so excited about this concept.
Revolut is another option. I gotta go through all these type of cryptos and see which card offers the best service and best ease of use.
May Be there will be a crypto credit card later
great great