Netcoins launches Netcoins Pay – a bitcoin rewards prepaid card
By Edlyn Cardoza
BIGG Digital Assets Inc., owner of Netcoins, the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, and owner of Blockchain Intelligence Group, a leading developer of blockchain technology search, risk-scoring and data analytics solutions, recently announced the launch of Netcoins Pay, a prepaid card that enables users to draw from their Canadian dollar balance within the platform, and earn bitcoin back with every purchase they make on it.
Mark Binns, Netcoins CEO, remarked “We’re proud to have partnered with KOHO for this card. KOHO’s experience in working in this product category has been invaluable to us and we love that they also strive to equip all Canadians with control over their finances in an accessible and transparent manner.”
Netcoins Pay makes it easy for users to grow their bitcoin holdings through their everyday spending. Within the platform, users will be able to keep track of their Netcoins Pay transactions and rewards. All rewards will be earned in CAD and automatically converted into bitcoin at set intervals by the platform.
Netcoins Pay will have the following features:
- Earn 3% bitcoin back for the first 3 months
- Earn 1% bitcoin back after that point
- No monthly or annual account fees
- Easy top up and funding via Interac e-Transfers or bank wires
- Apple Pay and Google Pay support
- A choice of a virtual and/or physical card
“Netcoins Pay offers new and existing users yet another way to acquire bitcoin easily. It also acts as an excellent customer acquisition and engagement tool for us as a company, helping to foster activity within the Netcoins ecosystem.” said Binns.
Recently, IBS Intelligence reported that BIGG Digital Assets Inc., the owner of Netcoins, the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, recently announced the hiring of Ankit Anne as Director of Strategy & Operations, effective immediately.
IBSi Daily News Analysis
September 28, 2023
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