BlockFi has also started a wait list for their credit card with VISA. We signed up. BlockFi works with individuals and businesses in the fifty states and throughout the world as a blockchain lending ecosystem, with fee-free trading of cryptocurrencies. They adhere to regulatory guidelines at the federal and state levels in the US. As it has been mentioned in earlier AGREEN issues the ecosystem of cryptocurrency seems to augment everyday. “The cash rewards value is treated as a merchant rebate and as a result not taxable as income. But converting the cash value into bitcoin establishes a cost basis for the bitcoin, which is subject to traditional rules around the taxation of bitcoin holdings,” BlockFi founder and CEO Zac Prince told The Block. “We hope this card will be a valuable personal financial tool for our clients to earn bitcoin while making everyday purchases.” What do you dear readers think about that?
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