BlockFi Pacing Towards Over $2 Billion In Annualized Spend

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]]]] >]] > With World’s First Bitcoin Rewards Charge Card

JERSEY CITY, N.J., Oct. 13, 2021– BlockFi, a financial services business devoted to developing a bridge between cryptocurrencies and conventional financial services products, is happy to share that the BlockFi Benefits Visa ® Signature Charge Card has actually been consulted with terrific engagement. Within 90 days of introducing the first credit card to give Bitcoin as a reward to cardholders, credit card invest is currently pacing towards over $2 billion in annualized spending based on growth projections, further showing the hunger for the new charge card crypto rewards category that BlockFi is forming. The average BlockFi customer is on track to spend more than $30,000 each year on average, 450% greater than the average of $5,000 per year on all Amex, Mastercard, and Visa cards in the U.S. *

“In just the first 90 days, the BlockFi Benefits Visa ® Signature Charge Card has been an amazing success,” stated Zac Prince, co-founder and CEO of BlockFi. “The truth that cardholders are pacing towards over $2 billion in annualized spend reinforces BlockFi’s mission to provide clients with broader access to monetary services and products that allow them to purchase cryptocurrency more easily and, in the longer term, possibly set them on a course to build generational wealth.”

Considering that launching the card in August 2021, the BlockFi Benefits Charge card neighborhood has actually grown to over 50,000 cardholders who have actually collected over 120 Bitcoin (comparable to $6.8 million …

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