Regulatory Filings • Jul 8, 2022
Regulatory Filings
Open in ViewerOpens in native device viewer
NBX plans to offer the first Nordic Visa credit card with Bitcoin rewards
Norwegian Block Exchange aims to offer the first Credit card with Bitcoin rewards in the Nordics. Customers will be rewarded in bitcoin for each purchase made with the card.
The credit card will use traditional money for purchases and payments. But rather than being rewarded in traditional currencies, the customers will get rewards in bitcoin on their NBX account. This enables an automated and easy way to accumulate crypto savings.
- Offering visa credit cards is one way of closing the gap between digital finance and traditional finance. For people new to crypto, it represents an opportunity to take part in the digital economy by getting rewards for their spending. This strategic move takes us one step closer to our goal of becoming a full-service digital asset bank, says NBX CEO Stig Aleksander Kjos-Mathisen.
The card will be delivered by Enfuce, a cutting-edge Finnish card issuing and payment processing provider. A Nordic financial institution will act as credit partner. The payment card with a cryptocurrency reward will be the first of its kind in the Nordic countries.
– Offering innovation in financial markets is one of the key drivers of NBX. We want to enhance the use of cryptocurrency and allow everyone to participate in this development. The first step is the crypto reward solution. Hopefully one of the next steps can be a card based solely on cryptocurrency, says Stig Aleksander Kjos-Mathisen.
The rewards will be saved directly to the card holders´ dedicated NBX account. As with all other savings on your NBX account, it can be traded freely between currencies, including NOK, SEK, DKK or Euro, and it may be withdrawn at any time.
- The size of the reward will depend on the customer's 12-month volume on the platform. It is already possible to start building volume, to ensure you get the best possible rate from launch. Our aim is to offer our best customers a reward of close to 4% says Stig Aleksander Kjos-Mathisen.
The card is expected to launch later this year in Norway, Sweden, Finland and Denmark More details will be made available as we get closer to launch. You can enter the waiting list by downloading the NBX app and registering for card updates. Verified customers can enter the waiting list at app.nbx.com/card
----
Contact persons:
Stig Kjos-Mathisen - CEO
Mail: [email protected], Phone: +47 932 87 574
Torstein Thinn - CFO
Mail: [email protected], Phone: +47 986 44 144
About NBX: Truly Norwegian cryptocurrency exchange and custodian. Based in Oslo and registered with the Financial Supervisory Authority of Norway. NBX offers everyone easy and secure access to cryptocurrency, focusing on the Nordic markets, but open for customers globally.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Torstein Thinn on the time and date set out above.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.