Ripio Launches Ripio Card Offering 5% Bitcoin Cashback — Bitcoin Magazine

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  • Ripio launched a pre­paid card in Brazil that pays 5% bit­coin cashback. 
  • Month­ly max­i­mum of R$250 per month until Octo­ber 31 this year. 
  • Ripio expects to have 250,000 users by December. 

Ripio, a cryp­tocur­ren­cy ser­vice provider, has launched the pre­paid Ripio Card for Brazil in part­ner­ship with Visa, per a report from Por­tal do Bit­coin.

Users of the Ripio Card can receive up to 5% cash­back in bit­coin with any pur­chase. When the card is used, Ripio will auto­mat­i­cal­ly con­vert bit­coin used for a pur­chase to the Brazil­ian Real ($R). This con­ver­sion allows the Visa net­work to process the trans­ac­tion in fiat on behalf of Ripio, deliv­er­ing reals to the merchant. 

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