Aven has launched a new credit card, this time it’s backed by your BTC balance. It’s seems to be similar to the card that is linked to your home equity but instead linked to your BTC. Card details:
- No annual fee
- Card earns 2% cash back.
- APR of 7.99% – 14.99%
I can’t see this being very popular as you need to deposit your BTC with BitGo Bank & Trust. I guess this is designed for people that hold a lot of paper wealth with BTC but don’t want to sell yet but still live a certain lifestyle. I would expect those people not to want to hold BTC somewhere like BitGo. Aven is certainly trying new things they also launched a card that can earned up to 10% back with referrals.
