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

  • 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.