How Do Credit Cards Support Bitcoin?
The world of cryptocurrency is complicated to many people, but its popularity is only growing as companies begin to launch Bitcoin credit cards. These cards might be the right fit, but savvy users have many factors to consider before signing up for one.
How Do Bitcoin Credit Cards Work?
The premise behind a Bitcoin credit card may sound strange. After all, Bitcoin is highly volatile. However, as more people invest in Bitcoin, it makes sense for credit card companies to integrate them into their rewards systems. Essentially, these cards function the same as any other rewards card, but they have cryptocurrency redemptions. Like typical credit cards, the holder will be charged similar variable interest rates and have debt if they cannot pay their monthly balances.
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