Crypto card startups are racking up losses just to buy your loyalty with big rewards
Summary
New cryptocurrency card providers are currently accumulating financial losses in order to attract users through large reward programs. These companies are ultimately depending on future revenue generated from trading, lending, and staking activities to offset these initial costs and achieve long-term profitability.
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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