Big banks with plaid vs small banks and crypto

Big banks with plaid vs small banks and crypto

By edexter | Dexter's finance musings | 3 Jun 2020


It's really hard for crypto to compete with Fiat credit cards because of rebate systems used by the system of large banks using plaid.  Companies like Crypto.com may offer special deals but migration back off the card for competing offers is likely.

With paid you sign up your big Bank credit card of additional cash back.  One such add-on is Pei

Pei offers some cash back in the form of Bitcoin or PayPal.

Two other cash back systems using plaid offer shares back.  Bumped and bits of stock.  Bumped offers up to 5% on some cash back but 2 or 3 percent on some other offers going down to .5 percent.  Bits of stock offers .5 percent on many of the same companies.  

Even with a $2500 stake of 500 tokens you may only be getting .5% more than a 1% at Walmart because of the add-ons by the big banks and resteraunts will off more with the big banks.

 


edexter
edexter

Long time invester working at a meat packing plant.


Dexter's finance musings
Dexter's finance musings

This is just a blog about whatever my latest speculation is. Mining stocks, crypto or even bonds at times

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