Most bank cards nowadays provide some sort of reward to customers, whether or not it is a proportion of your spending in money again, airline miles or another perk. Venmo launched its personal bank card final fall, and whereas it provides as much as three p.c money again, the corporate is now letting customers do one thing comparatively distinctive with that refund. As of right this moment, Venmo bank card customers can routinely get that money again in cryptocurrency.

Once you decide in, you’ll be able to select considered one of 4 cryptocurrencies to buy together with your money again: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. There aren’t any transaction charges for the acquisition, and the switch occurs routinely. From there, you’ll be able to flip that crypto again into money at any time, or change what forex you get every month out of your money again. 

This characteristic builds on the cryptocurrency options that Venmo added to its app earlier this 12 months. Since April, Venmo customers have been in a position to purchase those self same 4 cryptocurrencies straight within the app, so a characteristic to simply flip money again into crypto would possibly make it simpler for extra folks to dip their toes into the Bitcoin world.