Crypto-Back: What It Is & Why It�s Popular - Merchant Industry

Merchantindustry22 Apr, 2022Finance

Is Crypto-Back Becoming the New Cash-Back? Cryptocurrencies have been around since 2009, and the two largest cryptos are Bitcoin and Ethereum. Investing in these highly speculative financial instruments entails a lot of risks, but now even risk-averse individuals can participate in the crypto craze, and without ever investing a dollar. So how is this done? With credit cards that offer crypto as a reward in place of traditional rewards like cash-back, points, and travel miles. But are crypto-back credit cards for everyone? Let?s discuss the pros and cons below. Pros and Cons of Crypto-Back Pro: Crypto-Back Is a Lot Like Cash-Back If you?re a credit card holder who?s familiar with how the cash-back incentive works, then you pretty much know already how crypto-back works. When you make a purchase, instead of getting a certain percentage back in cash, you?ll get 1-3 percent back in the cryptocurrency of your choice.