BitPay users will earn up to 15% cash back rewards when they make purchases with their prepaid cards using SHIB.
Popular cryptocurrency payment provider BitPay has announced a partnership with Cardlytics to launch a cash-back reward program for prepaid cardholders.
According to an announcement today, the partnership will enable bitpay cardholders to receive up to 15% cash back rewards when they purchase goods from participating retailers using their prepaid cards.
BitPay prepaid cardholders can spend any of the supported crypto assets, including Shiba Inu (SHIB) and Bitcoin (BTC), to earn the rewards. Aside from Shiba Inu, and Bitcoin, other BitPay-supported digital currencies are Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Bitcoin Cash (BCH), etc.
Stephen Pair, CEO of BitPay, said becoming a beneficiary of the program is easy. Users will be required to load their BitPay card with crypto and make purchases at participating retailers.
Customers will see their rewards in the BitPay app when they make purchases using Shiba Inu and other BitPay-supported cryptocurrencies via the prepaid card.
“Cryptocurrencies are becoming increasingly popular and widely used, as many like the option to live life on crypto. Adding a reward program through Cardlytics offers crypto enthusiasts another incentive to get and use the BitPay Card,” Pair added.
Cardlytics Features and Offering
Under the partnership, Cardlytics will be responsible for managing the rewards distribution, the announcement noted.
Per the announcement, Cardlytics has deployed its cash back rewards solution at different retailers globally, ranging from travel to shopping. Cardlytics has one of the largest offering catalogs for national and local retail brands.
Through the partnership, BitPay prepaid cardholders will see specific deals available at participating retailers, including Adidas and Costco.
Farrell Hudzik, EVP Financial Institutions at Cardlytics, said:
“Working with BitPay, we offer their crypto cardholders a customized shopping experience where they can earn cash back making the BitPay Card easy to use anytime they shop.”
He added that the company has added thousands of popular brands to its platform and will continue to add more based on customers’ preferences.
The development comes at the perfect time, given that it is projected that over $55 billion worth of cryptocurrencies will be used to make purchases in the next 12 months, PYMNTS stated in a recent survey.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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