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Bold Credit Card: Spend Against Bitcoin Collateral

Bitcoin firm Bold introduced on Thursday it will launch a bank card to allow prospects to spend towards bitcoin held as collateral and earn BTC rewards on each buy.

The providing differs from products made popular over the previous couple of years as a result of as an alternative of permitting customers to spend their bitcoin, it encourages them to HODL their cash and spend fiat cash, like U.S. {dollars}, as an alternative.

“The Bold card lets you spend on a line of credit collateralized by bitcoin held in collaborative custody,” the providing’s web page reads.


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