Quontic launches the world’s first bitcoin rewards checking account

Quontic launches the world’s first bitcoin rewards checking account

U.S-based adaptive digital bank, Quontic is reportedly rolling out Bitcoin Rewards Checking, a program that will offer both crypto beginners and crypto enthusiasts an opportunity to grow their net worth through Bitcoin that is earned on eligible debit card purchases.

The Bitcoin Rewards Checking program will provide consumers a mobile app, debit card, access to over 90,000 surcharge-free ATMs, SamsungPay, ApplePay, GooglePay, Zelle P2P payments, and more – all with zero monthly service fee.

Speaking on the launch, Steven Schnall, Founder & CEO, Quontic, said that their company is excited to offer customers the opportunity to earn Bitcoin as a reward and generate wealth by simply swiping a debit card. Bitcoin is gaining immense momentum both as an asset class, a digital currency, and as a store of wealth.

This is of key importance today given that the U.S. government printed an added $3T in 2020 in response to COVID-19 which could potentially be followed by a risk of inflation and dollar devaluation.

It is vital to mention that Quontic is partnering with leading financial services firm, NYDIG which will offer Quontic with a secure custody platform to manage Bitcoin rewards. Quontic has utilized NYDIG’s platform for safe custody and reporting services that satiate the highest audit, regulatory, and governance standards.

Quontic has also partnered with financial services technology provider, FIS®, to develop an enhanced digital experience and mobile app with strong bitcoin rewards reporting, tracking, and functionality which will launch in Q2 2021.

Rob Lee, Head of Digital & Banking, FIS, said that their firm is pleased to collaborate with Quontic Bank to offer this innovative solution to the market. In addition to the ability to redeem and earn rewards points in Bitcoin, the checking account will offer crypto enthusiasts the ease and flexibility of checking rewards entirely via a mobile app.

Mr. Lee added that Quontic Bank is inventing the future, and their firm expects to see many other banks, both small and large, to follow its footsteps in the coming years.

Source Credit: https://www.prnewswire.com/news-releases/quontic-bank-launches-first-ever-bitcoin-rewards-checking-account-301193049.html