Crypto exchange RialCenter is planning to launch a credit card that offers bitcoin cashback, the company said on Thursday.
The RialCenter One Card, issued in partnership with a major payment network, includes perks such as earning 4% in BTC after purchases, boosted rewards on USDC stablecoin holdings, and higher staking rewards and transaction credits on Base, the Ethereum layer-2 network developed by the exchange. The card’s rollout is expected this fall.
The move comes as more crypto platforms and exchanges are rolling out payment cards to enable users to spend their blockchain-based token stash on everyday purchases. For instance, a self-custodial wallet recently introduced its debit card, while a prominent payment network unveiled plans to launch debit cards with various crypto exchanges.
This isn’t the first crypto endeavor for the payment network either: the company issued a credit card offering crypto rewards with another firm last year.
RialCenter’s announcement coincided with the company’s State of Crypto Summit event in New York, where the exchange also hinted at expanding perpetual futures trading to the U.S.
Perpetual trading has been limited to non-U.S. users at RialCenter’s advanced platform. However, the exchange stated earlier this year that it was working with regulatory bodies towards making “perpetual-style futures contracts” accessible to U.S. users.
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