Crypto card startups are racking up losses just to buy your loyalty with big rewards
Summary
Crypto card startups are currently operating at a loss in order to attract users with generous rewards programs. These providers hope that future revenue generated from trading, lending, and staking activities will eventually cover these high costs and make their customer base profitable.
Providers are betting trading, lending and staking revenue can cover rewards and turn card users into profitable customers.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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