Crypto card startups are racking up losses just to buy your loyalty with big rewards
Summary
Cryptocurrency card startups are currently accumulating financial losses in order to attract users through large reward programs. Providers are relying on future revenue from trading, lending, and staking activities to eventually cover these incentive costs and achieve 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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