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Trading Giant Robinhood Unveils New Debit Card With Crypto Incentives

Popular buying and selling platform Robinhood is saying the launch of a brand new debit card that enables clients to earn crypto rewards as they use it.

According to a latest firm blog post, the Cash Card will give debit card customers advantages which might be historically reserved for bank card holders.

“The Cash Card builds on our mission to democratize finance for all by giving debit card customers the same benefits and rewards that were once reserved for credit card holders.”

Customers will get bonuses primarily based on their weekly round-ups and might select to take a position them of their alternative of belongings, together with a slew of cryptocurrencies.

Currently, Robinhood presents assist for seven totally different crypto belongings: main digital asset Bitcoin (BTC), prime sensible contract platform Ethereum (ETH), dog-themed meme token Dogecoin (DOGE), Bitcoin different Litecoin (LTC), and spin-off digital belongings Bitcoin Cash (BCH), Bitcoin SV (BSV), and Ethereum Classic (ETC).

Robinhood’s product officer Aparna Chennapragada advised monetary providers web site GOBankingRates that the Cash Card is geared towards serving to youthful generations make investments.

“We’re rising with a brand new technology of debit-first clients for whom investing nonetheless feels out of attain. Spending is a reality of life, and we wish to assist this technology flip on a regular basis spending into alternatives that can assist construct good habits for the long run. Start early, and each little bit issues.

This is what the way forward for spending appears like for a brand new technology that’s mobile-first and who expects extra from the establishments they financial institution with.”

The card may have no month-to-month charges, subscription charges, overdraft charges, and account minimal charges, in response to the weblog submit.

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Disclaimer: Opinions expressed at The Daily Hodl should not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses it’s possible you’ll incur are your accountability. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please word that The Daily Hodl participates in internet affiliate marketing.

Featured Image: Shutterstock/Warm_Tail

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