Quontic is first bank to offer bitcoin rewards on debit card purchases
- Quontic Bank released a checking account that pays rewards in bitcoin.
- 20 percent of their consumers indicated that they would switch their checking account to one which rewards them in bitcoin
Quontic Bank recently rolled out its bitcoin rewards checking account. It is the first of its kind released by an FDIC-insured bank in the U.S. New York-based Quontic’s rewards account offers customers the opportunity to earn 1.5 percent cash back in bitcoin on debit card purchases.
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In addition to its bitcoin earning potential on eligible debit card transactions, the checking account program offers consumers a debit card, a companion mobile app, access to over 90,000 surcharge-free ATMs, Apple Pay, Google Pay, Samsung Pay and Zelle peer-to-peer payments.
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