Key Highlights:
- Bitbank introduces crypto-linked Visa credit card
- Users can pay bills directly with Bitcoin holdings
- Card offers 0.5% crypto cashback
- First product of its kind in Japan
Crypto Payments Go Mainstream
Bitbank has launched a new credit card that allows users to pay bills using Bitcoin from their exchange accounts.
This marks a first for the Japanese market.
How the Card Works
Users can choose to automatically settle their credit card balance using Bitcoin held on the platform.
Currently, the feature is limited to BTC but may expand to other assets.
Rewards and Incentives
Cardholders earn 0.5% cashback in crypto, which can be received in Bitcoin, Ethereum, or Astar.
Rewards are credited directly to their exchange accounts.
Growing Competition
The launch follows similar moves from other exchanges, showing increasing competition in crypto payment products.
