CDLX - BitPay adds Cardlytics-powered rewards program to its crypto prepaid card
- Cryptocurrency payments provider BitPay on Wednesday has added a rewards program to its prepaid card through a partnership with cash-back rewards platform Cardlytics ( NASDAQ: CDLX ).
- Cardlytics ( CDLX ) is managing the rewards in which BitPay cardholders automatically receive up to 15% cash back on purchases every time their card is used at participating retailers.
- The rollout of the cash-back rewards program will occur over the next week, the release said.
- “Working with BitPay, we offer their crypto cardholders a customized shopping experience where they can earn cash back making the BitPay Card easy to use anytime they shop,” said Farrell Hudzik, executive vice president, Financial Institutions, Cardlytics.
- Note that the BitPay Card allows customers to instantly convert cryptos such as bitcoin ( BTC-USD ) into U.S. dollars. The card can also be used for online purchases and to withdraw cash from ATMs.
- In the beginning of April, BitPay enabled merchants to receive payments from the Lightning Network .
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BitPay adds Cardlytics-powered rewards program to its crypto prepaid card