NEW YORK, Dec. 15, 2020 /PRNewswire/ -- Quontic, the
adaptive digital bank, today is introducing Bitcoin Rewards
Checking. Quontic is the first FDIC-insured financial
institution in the U.S. to go live with a Bitcoin Rewards debit
card. Quontic customers can earn 1.5% in Bitcoin on eligible debit
card purchases.* Visit
bitcoinrewards.quonticbank.com/signup to get started.
With this new rewards program, both crypto enthusiasts and
crypto beginners can have the opportunity to grow their net worth
via Bitcoin earned on eligible debit card purchases. In addition to
earning 1.5% in Bitcoin on eligible debit card purchases, Quontic's
Bitcoin Rewards Checking program offers consumers a debit card,
mobile app, access to over 90,000 surcharge-free ATMs, ApplePay,
GooglePay, SamsungPay, Zelle peer-to-peer payments, and more - all
with no monthly service fee. Accounts take only three minutes to
open.
"Quontic is excited to be able to offer our customers the
opportunity to earn Bitcoin as a reward and build wealth simply by
swiping a debit card," said Steven
Schnall, CEO & Founder of Quontic. "Bitcoin is
gaining massive momentum both as a digital currency, an asset
class, and as a store of wealth. This is of particular importance
today given that the Federal government printed an additional $3T
in money in 2020 in response to COVID-19 and the accompanying risk
of inflation and dollar devaluation. The debut of our Bitcoin
Rewards Checking account is groundbreaking and will serve a
substantial purpose."
Quontic is partnering with NYDIG, a leading financial services
firm dedicated to Bitcoin, which will provide Quontic with a secure
custody platform to manage the Bitcoin rewards. Quontic leveraged
NYDIG's platform for secure custody, execution, and reporting
services that meets the highest regulatory, audit, and governance
standards. Additionally, Quontic has partnered with FIS® (NYSE:
FIS), a global leader in financial services technology, to build an
enhanced digital experience and mobile app with robust bitcoin
rewards tracking, reporting and functionality which is set to
launch in Q2 of 2021.
"FIS is excited to partner with Quontic Bank to bring this
groundbreaking solution to market," said Rob Lee, Head of Digital and Banking at FIS.
"Beyond the ability to earn and redeem rewards points based in
Bitcoin, the new checking account will provide crypto enthusiasts
the convenience and flexibility of doing their checking entirely
via a mobile app. Quontic Bank is inventing the future, and we
expect to see many other banks, both large and small, follow in its
footsteps in the year ahead."
Quontic will be extending a limited number of invitations to
apply to its new Bitcoin Rewards Checking program with its initial
launch, with increased availability in the coming months. Only
residents of Alabama, Arkansas, California, Maryland, Massachusetts, Missouri, Montana, New
York, Pennsylvania,
Utah, Wisconsin, and Wyoming are currently eligible to apply.
About Quontic:
Quontic is the adaptive digital bank that empowers its customers
financially while embracing their diverse circumstances. Quontic's
disruptive banking platform reimagines traditional banking with
adaptive lending and innovative deposit products that transcend
legacy banking inequities. Quontic's mission to break the system
for financial empowerment stands in the face of big banks and
proves there is a better and more equitable way to put the customer
first. The bank focuses on truly understanding and serving the
underdogs, entrepreneurs, gig-economy workers, immigrants, and more
with a curated banking experience as opposed to a one-size-fits-all
banking approach. Quontic is a privately held company based in
New York, New York. Learn more at
QuonticBank.com. Follow and connect with Quontic on
Facebook and Instagram.
Contact
Lindsay Levitts
lindsayl@kelandpartners.com
*Only Qualifying Point of Sale Debit Card Transactions are
eligible debit card purchases. Please visit
bitcoinrewards.quonticbank.com/signup for more information.
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SOURCE Quontic