Financial companies in Israel are embracing cryptocurrencies, with two competing credit card firms, Max and Isracard, working on BTC investment and cashback features. (Reporting via coindanslecoin)
Two Israel-based credit card companies, Max and Isracard, have inked partnerships with crypto-related platforms in order to allow cardholders to purchase Bitcoin, the local news agency CalcalistMax announced a collaboration with the local crypto broker Bits of Gold to launch a crypto-enabled card called MaxBack Crypto. According to Max's official website, the card willcashback opportunities in BTC as well as the option to buy Bitcoin through a clearing agreement Bits of Gold.
Formerly known as Leumi Card, Max is one of the largest credit card processors and issuers in Israel and a major non-banking financial institution. The firm reportedly issued 1.6 million credit cards and provides clearing services to more than 40,000 merchants. We are excited to launch, in collaboration with Max the MaxBack Crypto card - the first credit card in Israel that turns your purchases into Bitcoin!
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