NEWS
NEWS
Crypto. com selects Bread Financial to launch new crypto-based rewards credit card programme in the US
Bread Financial a tech-forward financial services company that provides simple, personalised payment, lending and saving solutions, has announced a multi-year agreement with Crypto. com, one of the world’ s largest cryptocurrency exchanges, to launch the first Crypto. com credit card programme in the United States.
The Crypto. com Visa Signature Credit Card will offer Crypto. com customers a new way to make purchases, while earning CRO rewards. With five credit card tiers, from Midnight Blue to Obsidian, cardmembers can earn uncapped CRO rewards at varying rates. For the first twelve months from account open or tier upgrade, select tiers will enjoy elevated CRO reward rates. Higher tiers will have additional benefits through Crypto. com’ s Level Up programme, such as unlimited Spotify and Netflix rebates.
Crypto. com customers will be able to pre-qualify or apply for a credit card directly through the Crypto. com app. Once approved, cardmembers can immediately add their card to their digital wallets. CRO rewards are deposited into the cardmember’ s Crypto Wallet within the Crypto. com app, where they can view real-time earnings, and exchange CRO for hundreds of other cryptocurrencies, thousands of stocks, sports event trading, NFTs, staking and more.
“ This credit card offers straightforward, compelling rewards that will help even the most novice trader maximise their investments with every purchase, while enabling experienced traders to incrementally stack gains over time as they use the card and move through the Level Up programme,” said Val Greer, Executive Vice President and Chief Commercial Officer at Bread Financial.“ We are excited to team up with Crypto. com to unlock this new payment option that will quickly become a must have credit card for its customers.”
ClearBank expands banking services for Kraken’ s UK operations
ClearBank, an enabler of real-time clearing and embedded banking, has announced a new regional partnership with Kraken, one of the world’ s longest-standing, most liquid and most secure digital asset platforms. The extended partnership sees ClearBank provide Kraken’ s UK based clients with GBP clearing services enabling seamless on and off ramps into the digital exchange ecosystem.
Building and maintaining reliable, instant fiat payment rails has been a consistent challenge that has held back digital asset adoption. ClearBank solves this challenge through its direct membership of the Faster
Payments Service( FPS) and its virtual International Bank Account Numbers( vIBANs) offering. As such, ClearBank will provide Kraken’ s retail and institutional clients seamless on and off ramping, as well as the additional security due to its deposits being held at the Bank of England.
With the recent granting of a UK Electronic Money Institution( EMI) licence to Kraken’ s legal entity, Payward Services, ClearBank becomes the digital assets platform’ s primary UK bank, and will be supporting them as they scale up their UK licence. ClearBank is already supporting Crypto Facilities Limited, an FCA-regulated investment firm also part of the Kraken Group, with client money accounts.
Together, both companies are striving to launch regional clearing services in early 2025. They are also exploring additional opportunities to scale the partnership, enabling Kraken to offer new and exciting products and services to its clients. www. intelligentfin. tech
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