BlockFi Hires Credit Suisse, Prudential Execs to Drive Global Expansion
Crypto lender BlockFi has hired two execs from traditional finance to help launch a bitcoin rewards card and build out business teams in Europe and Asia.
BlockFi CEO Zac Prince said it will be the first credit (not debit) card in the cryptocurrency industry.
Decentralized lending platform Cred is the latest crypto firm to join Visa’s Fintech Fast Track Program with the goal of scaling faster.
Gemini, the cryptocurrency exchange and custodian founded by the Winklevoss brothers, has launched the Gemini Credit Card offering cryptocurrency rewards. Read more: Gemini Donates $50K to HRF to Help Fund Another Round of Bitcoin Developers in 2021
The new debit card enables U.S. customers to spend their crypto holdings as fiat currency.
Vitalii Antonenko, 28, has been indicted for allegedly stealing and selling reams of payment card data, the proceeds of which he laundered in bitcoin.