Card financing ranges from 2,000 to 80,000 pesos and the platform will give reward cashback in bitcoins.
“There are some businesses that give 3%, there are others that give 2%, depending on the business and this cashback does not expire, this way they can generate value in the future,” said Julián Arber, CEO of YoCripto.
With the cashback that accumulates, the user can pay the balance of his credit card at the end of the month or accumulate the value of bitcoins in the long term. Bitcoins can also be transferred to another cryptocurrency wallet and the deposit is made in pesos.
The co-founders of YoCripto are confident that the remuneration in bitcoins will be more attractive than the points that banks usually give because the cryptocurrency has generated more interest among young people as an investment asset; it is planned that in the future the rewards will be extended to another cryptocurrency.
YoCripto operates as an Investment Promotion Company (SAPI) and is supported by companies such as Jumio, Visa, Indemia, Segmail.
YoCripto card interest rates will be around 60% per year and it already has a waiting list of 35,000 people.
