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Best Credit Card Referral Bonuses

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Best Credit Card Referral Bonuses

Most people are aware of the cash back or points bonuses offered by credit cards, but another bonus could put extra money in your pocket: A credit card bonus that comes from referring people to the card. In other words, you can get a referral bonus every time you tell someone about how great your card is and they are approved for one of their own.

Each credit card issuer has different rules and rewards when it comes to the referral bonus they offer, but most pay the referral bonus in cash back, points, or airline miles. Benzinga looked at various credit cards and the associated referral bonuses and found the best of several categories.

Regular APR

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15.49% – 25.49% Variable | See Rates & Fees

Learn More securely through American Express Blue Cash Preferred® Card’s website

Disclosure: Terms apply

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Regular APR

15.49% – 25.49% Variable | See Rates & Fees

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1 Minute Review

  • Up to $120 statement credits ($10 per month) for an Equinox home membership
  • Car rental loss and damage insurance
  • Global Assist help within 100 miles of your home

Specs

  • Annual Fee: $95
  • Regular APR:

    15.49% – 25.49% Variable | See Rates & Fees

  • Minimum Payment: 1% of the statement balance plus interest, or $35 – whichever is higher.
  • One Time Fee: N/A
  • Intro APR: 0% for 1 year
  • Rewards: 6% back at U.S. supermarkets up to $6,000, then 1%; 6% back on select U.S. streaming subscriptions; 3% back on eligible transit and U.S. gas stations; 1% back on other purchases
  • Welcome Bonus: Earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months

Pros

  • Approval decision in less than a minute

Cons

  • One or more late payments may result in a 29.99% penalty APR
  • 2.7% foreign transaction fee

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Regular APR

Variable APR 26.99%

Regular APR

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Variable APR 26.99%

1 Minute Review

What makes the Capital One QuicksilverOne Cash Rewards so unique is that it offers 1.5% cash back on purchases and higher-quality services while remaining relatively attainable for lower credit scores. The card works with fair or limited credit. For example, the credit card offers beneficial tools such as CreditWise, which allows you to keep track of your credit score for free. The credit card provides fraud coverage and automatic credit line reviews to more quickly increase credit lines and allow for larger purchases. The credit card includes annual fees and a higher-than-usual APR at around 26.99%. The credit card also charges annual fees.

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Specs

  • Annual Fee: About $39
  • Regular APR:

    Variable APR 26.99%

  • Minimum Payment: None
  • One Time Fee: No member fee
  • Intro APR: N/A
  • Rewards: 1.5% cash back

Pros

  • Provides automatic credit line reviews
  • No foreign transaction fees
  • Fraud coverage

Cons

  • A $39 annual fee
  • Penalty late fee of up to $40
  • Includes higher APRs
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Regular APR

17.49% – 24.49% Variable | See Rates & Fees

learn more securely through American Express® Gold Card’s website

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Disclosure: Terms Apply

Regular APR

17.49% – 24.49% Variable | See Rates & Fees

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1 Minute Review

  • Select Gold or Rose Gold as your card color
  • 26.74% cash advance APR
  • The cash advance fee is $10 or 5% of the transaction, whichever is greater

Specs

  • Annual Fee: $250
  • Regular APR:

    17.49% – 24.49% Variable | See Rates & Fees

  • Minimum Payment: $35 or 1% of your balance, plus fees and interest
  • One Time Fee: None
  • Intro APR: 0% for 1 year
  • Rewards: 4x on dining at restaurants and U.S. supermarkets, 3X points on flights, 1X points on other eligible purchases, up to $120 per year on Uber Cash, up to $120 in credits per year to use at Grubhub, Seamless, Boxed and others (enrollment required)
  • Welcome Bonus: 60,000 points, 4X points at U.S. supermarkets & dining at restaurants. Terms Apply.

Pros

  • $100 experience credit when booking through Hotel Collection
  • No foreign transaction fees

Cons

  • Penalty APR is 29.99% and can apply if you miss only one payment and will last for at least six months
  • Late payment and returned payment fees are up to $40
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Regular APR

16.24%-24.24% | See Rates & Fees

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learn more securely through Capital One Venture Rewards Credit Card’s website

Disclosure: Terms apply

Regular APR

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16.24%-24.24% | See Rates & Fees

1 Minute Review

The Capital One Venture Rewards Credit Card offers affordable rates, a solid welcome bonus of 75,000 miles when you spend $4000 in the first 3 months, an affordable annual fee and the option to transfer your rewards to several popular loyalty programs. With this card, you can earn 2 times the mile per dollar every day on all your purchases.

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Specs

  • Annual Fee: $95
  • Regular APR:

    16.24%-24.24% | See Rates & Fees

  • Rewards: 2 times the miles per dollar on every purchase
  • Welcome Bonus: 75,000 miles when you spend $4000 in the first 3 months

Pros

  • 2 times the miles per dollar every day
  • 75,000 mile welcome bonus when you spend $4000 in the first 3 months
  • No foreign transaction fees
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Best Overall: American Express Blue Cash Preferred® Card

Regular APR

15.49% – 25.49% Variable | See Rates & Fees

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Learn More securely through American Express Blue Cash Preferred® Card’s website

Disclosure: Terms apply

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Regular APR

15.49% – 25.49% Variable | See Rates & Fees

1 Minute Review

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  • Up to $120 statement credits ($10 per month) for an Equinox home membership
  • Car rental loss and damage insurance
  • Global Assist help within 100 miles of your home

Specs

  • Annual Fee: $95
  • Regular APR:

    15.49% – 25.49% Variable | See Rates & Fees

  • Minimum Payment: 1% of the statement balance plus interest, or $35 – whichever is higher.
  • One Time Fee: N/A
  • Intro APR: 0% for 1 year
  • Rewards: 6% back at U.S. supermarkets up to $6,000, then 1%; 6% back on select U.S. streaming subscriptions; 3% back on eligible transit and U.S. gas stations; 1% back on other purchases
  • Welcome Bonus: Earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months

Pros

  • Approval decision in less than a minute

Cons

  • One or more late payments may result in a 29.99% penalty APR
  • 2.7% foreign transaction fee
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American Express offers one of the most generous referral bonuses. You can earn up to $100 for each referral up to $550 per year. Even if you refer a friend to the American Express Blue Cash Preferred® Card and they are not approved but are approved for another card from American Express, you will still receive the referral bonus associated with your card and the person you referred will receive the welcome bonus from the card they were approved for. In addition to the great referral bonus, you will earn hefty cash back statement credits on your everyday purchases with this card. Use it to grocery shop, and you could earn up to $6,000 in cash back for the year.

Best for Cash Bonuses: Capital One Quicksilver Cash Rewards Credit Card

Regular APR

Variable APR 26.99%

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Regular APR

Variable APR 26.99%

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1 Minute Review

What makes the Capital One QuicksilverOne Cash Rewards so unique is that it offers 1.5% cash back on purchases and higher-quality services while remaining relatively attainable for lower credit scores. The card works with fair or limited credit. For example, the credit card offers beneficial tools such as CreditWise, which allows you to keep track of your credit score for free. The credit card provides fraud coverage and automatic credit line reviews to more quickly increase credit lines and allow for larger purchases. The credit card includes annual fees and a higher-than-usual APR at around 26.99%. The credit card also charges annual fees.

Specs

  • Annual Fee: About $39
  • Regular APR:

    Variable APR 26.99%

  • Minimum Payment: None
  • One Time Fee: No member fee
  • Intro APR: N/A
  • Rewards: 1.5% cash back

Pros

  • Provides automatic credit line reviews
  • No foreign transaction fees
  • Fraud coverage

Cons

  • A $39 annual fee
  • Penalty late fee of up to $40
  • Includes higher APRs
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If you’re looking for cash back, the Quicksilver Rewards Cash Credit Card offers $150 for each referral that you send them that turns into an approved account. The credit card company does cap the yearly referral fees at $500. In addition to the generous referral bonuses, this credit card offers 1.5% percent on everything you spend in addition to 5% cashback on all your hotel and rental car expenses provided that you book them through Capital One Travel. It’s a great all-around card with high cash bonuses for referrals.

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Best for Points Bonuses: American Express® Gold Card

Regular APR

17.49% – 24.49% Variable | See Rates & Fees

learn more securely through American Express® Gold Card’s website

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Disclosure: Terms Apply

Regular APR

17.49% – 24.49% Variable | See Rates & Fees

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1 Minute Review

  • Select Gold or Rose Gold as your card color
  • 26.74% cash advance APR
  • The cash advance fee is $10 or 5% of the transaction, whichever is greater

Specs

  • Annual Fee: $250
  • Regular APR:

    17.49% – 24.49% Variable | See Rates & Fees

  • Minimum Payment: $35 or 1% of your balance, plus fees and interest
  • One Time Fee: None
  • Intro APR: 0% for 1 year
  • Rewards: 4x on dining at restaurants and U.S. supermarkets, 3X points on flights, 1X points on other eligible purchases, up to $120 per year on Uber Cash, up to $120 in credits per year to use at Grubhub, Seamless, Boxed and others (enrollment required)
  • Welcome Bonus: 60,000 points, 4X points at U.S. supermarkets & dining at restaurants. Terms Apply.

Pros

  • $100 experience credit when booking through Hotel Collection
  • No foreign transaction fees

Cons

  • Penalty APR is 29.99% and can apply if you miss only one payment and will last for at least six months
  • Late payment and returned payment fees are up to $40
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If earning points is your goal, this could be your perfect card. With the intro offer of 75,000 points, you can start off with a bang by spending $4,000 in the first six months. And since you will be getting 4X points on groceries and restaurants, you can use your card for those things to meet the spending requirement. When you refer someone to this card who gets approved, you will earn 30,000 points with a cap of 55,000 points per year. The only downside to this card is the high annual fee, but the generous points may make up for it.

Best for Airline Miles Bonuses: Capital One Venture Rewards Credit Card

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Regular APR

16.24%-24.24% | See Rates & Fees

learn more securely through Capital One Venture Rewards Credit Card’s website

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Disclosure: Terms apply

Regular APR

16.24%-24.24% | See Rates & Fees

Advertisement

1 Minute Review

The Capital One Venture Rewards Credit Card offers affordable rates, a solid welcome bonus of 75,000 miles when you spend $4000 in the first 3 months, an affordable annual fee and the option to transfer your rewards to several popular loyalty programs. With this card, you can earn 2 times the mile per dollar every day on all your purchases.

Specs

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  • Annual Fee: $95
  • Regular APR:

    16.24%-24.24% | See Rates & Fees

  • Rewards: 2 times the miles per dollar on every purchase
  • Welcome Bonus: 75,000 miles when you spend $4000 in the first 3 months

Pros

  • 2 times the miles per dollar every day
  • 75,000 mile welcome bonus when you spend $4000 in the first 3 months
  • No foreign transaction fees
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The Capital One Venture X Rewards Credit Card is the perfect card for people who love to travel. With its amazing sign-up bonus of 75,000 miles, you will soon have enough miles to take that vacation you’ve been dreaming about. And the credit card issuers gives you 10,000 miles every year on the anniversary of your card. What’s more, you will receive 25,000 miles for each referral that gets approved, and the credit card issuer put the cap at 100,000 miles. For each approved referral, you get 25,000 bonus miles, up to 100,000 miles per calendar year.

Best for Bonuses for Families: Chase Disney Premier Visa® Card

Disney fans will love this credit card and all the Disney-related bonuses that come with it. You will earn Disney Reward Dollars for everything you spend in addition to discounts at your favorite Disney stores. The 0% intro APR on Disney packages starts when booking the vacation instead of when the card is activated – a major bonus. And when you refer people to the Chase Disney Premier Visa® Card and they are approved, you will earn $100 Disney Rewards Dollars, up to $500 per year.

Features to Look for in Credit Cards with Referral Bonuses  

When looking for the right credit card to earn referral bonuses, you will need to pay attention to the way the credit card issuer pays the bonus. If you want cash back, look for a card that gives it. If you want to earn airline miles or hotel points, search out the credit cards that will pay your referral bonuses with those methods. Here are some features you should look for when researching which credit card is right for you.

1. Annual Fees

While not every credit card charges an annual fee, some do. It’s up to you to determine whether or not you want to pay one. Typically, the credit cards with annual fees provide extras that not all cards do such as airport private lounges and higher cash back percentages.

2. APRs

The higher the APR on your credit card, the more interest you will pay over the life of the credit card. This is especially true if you carry a credit card balance and only make the minimum payments. That’s why it’s smart to look for a credit card that offers the lowest APRs you can get with your credit score. Remember, the better your score, the lower the APR offers will be.

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3. Cash Back or Points

If you use the credit card right, you may be able to add money to spend on groceries, airline flights, hotels or gas. That’s because many credit card issuers offer cash back on expenditures or points to apply to airline tickets or hotel stays. Paying attention to what each credit card offers when researching which one is right for you can put money in your pocket when you redeem these rewards.

Another way you use your credit card to your benefit is to look for one that offers the extras you need. For instance, you may find a credit card that offers travel insurance, rental car insurance, fraud protection and even special early notifications about events coming to your area.

How to Get Approved For a Credit Card

Applying for a credit card is a simple process, but you need to have some information at hand before starting the process. Here is a rundown of how to improve your chances of getting approved for a credit card that offers referral bonuses.

1. Know Your Credit Cards

If you want a credit card bonus in the form of referral bonuses, you need to do your research to determine which cards offer referrals because not all of them do. Start with the list above and see if any of those options suit your needs. If they don’t, chances are that the credit card issuers above have other credit cards with referral bonuses that are better suited for you.

2. Understand Your Credit Score

Each credit card issuer has certain criteria they use to approve – or disapprove – applicants. And their credit score is one of the key deciding factors. That’s why it’s so important that you know your score before applying for a credit card. The reason? Because the more times that you apply, the lower your score will go. But when you know your score, you can research the cards to determine which ones accept applicants with a score like yours.

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3. Build Your Credit

If your score isn’t high enough to get the credit card you want, it’s time to begin taking the necessary steps to build it. Most lenders and credit card issuers consider a 660 FICO score to be good credit, so you should make that your goal. Some of the factors that will help raise your credit score are the length of your open accounts, the percentage of credit that you use from your open accounts (the lower the better) and whether or not you make your payments on time.

4. Start With a Secured Credit Card

If you can’t qualify for the credit card you want just yet, think about getting a secured credit card. These cards extend you credit after you put up a deposit to the credit card issuer to hold as collateral. For instance, if you give the issuer a $500 deposit, they may issue you $500 in credit on the card. Making timely payments on a secured credit card will help build your credit score and bridge the gap between a secured and an unsecured credit card.

How you can Improve Your Credit Score

Improving your credit score is the key to getting a good credit card that offers referral bonuses. And luckily, improving your score isn’t difficult. Here are some simple steps you can take to improve yours. 

1. Know Your Debt-to-Income Ratio

You probably know how much money you pay in bills every month and chances are that you are very familiar with your monthly income, but what you may not understand is your debt-to-income (DTI) ratio. This number is an important factor when thinking about improving your credit score. The short of the formula is this: the bigger the gap between your income and outgoing bills, the better your ratio. To get yours, divide your monthly bills by your income. Strive for a 30% DTI, but know that some high-risk lenders will accept DTIs up to 50% (for less-than-optimal terms).

2 Ensure Your Payments are Made on Time

Making your payments on time – every month – is a large part of improving your credit score. Every time you make a late payment, that creditor reports it to the credit reporting agencies and your credit score takes a hit. But guess what? The same is true when you make on-time payments, and all those good payments eventually add up to a better credit score. Setting up automatic payments is a way to ensure that you will never miss a payment deadline again.

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3. Get Rid of Your Debt

The debt that you carry not only contributes to a bad DTI but also reduces the amount of disposable income that you have. If you can reduce your debt by one bill at a time, you’ll soon find yourself debt-free. Start with either the debt that has the highest interest rate or the smallest debt. Both methods work, but you will need to see which one motivates you the most.

4. Don’t Close Old Accounts

When trying to improve your credit score, you might be tempted to close some old accounts to take away the temptation of using them. Don’t. Those old accounts add points to your credit score, and if you close them, your score may go down. One aspect of a credit score is how long you’ve had the accounts that you do. If you think you can’t avoid the temptation of using them, cut up the cards but leave the account open. That way you’ll get the benefit of the open account without the risk of abusing it.

Frequently Asked Questions 

What is a referral bonus on a credit card?

A referral bonus on a credit card is a payment in cash or points to a card member that refers the credit card issuer to another person. Some credit card issuers grant bonuses when the referral applies for a credit card while others only grant the bonus when the referral is approved for the credit card.

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Can I refer someone for a credit card?

Talk to your credit card company to determine if they have a referral program. If they do and you refer someone who applies and is approved for a credit card, you can earn a referral bonus. These bonuses come in cash back, airline miles, points or specialized points like those for travel to Disney locations.

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Do referrals help credit card approval?

Unfortunately, getting a referral to a credit card does not increase your chances of approval. Instead, the referrals are designed to get new people to apply for the cards, but they will still have to apply for a credit card and receive approval with a good credit score and proven income.

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205.8209 ETH

Risk Of ‘Significant Drawdowns’ Pushes Cypherpunk Holdings To Sell Entire Stash Of Bitcoin And Ethereum

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Risk Of ‘Significant Drawdowns’ Pushes Cypherpunk Holdings To Sell Entire Stash Of Bitcoin And Ethereum

On Tuesday, the Canada-based investment firm Cypherpunk Holdings Inc. announced that the company has sold all of its bitcoin and ethereum due to the “risk of further significant drawdowns.” The company has transitioned its treasury to cash after selling 214.72 bitcoin and 205.82 ethereum as Cypherpunk Holdings continues “to see systemic risks propagating” across the crypto economy.

Cypherpunk Holdings Sells All of the Bitcoin and Ethereum on Its Balance Sheet

Crypto winter has done a lot of damage since the bull run’s price highs, as more than $2 trillion has left the digital currency economy since the first week of November 2021. Today, the crypto economy is worth roughly $945 billion and bitcoin (BTC) is coasting along just above the $20K per unit range.

BTC is down more than 70% from the all-time high ($69K) on November 10, 2021, and ethereum (ETH) has lost more than 77% since the ATH ($4,878) recorded on the same day. On June 28, 2022, or eight months later, the publicly listed Canadian investment company Cypherpunk Holdings revealed it had dumped all of its bitcoin and ether holdings.

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Cypherpunk Holdings (CSE: HODL) (OTC Pink: CYFRF) was one of the many publicly listed companies that held bitcoin and ethereum on its balance sheet. The update from the company notes that the sale was due to risk and it said the crypto economy may see “significant drawdowns” going forward.

CEO and president of Cypherpunk Holdings Jeff Gao.

Cypherpunk Holdings sold approximately 214.7203 BTC and 205.8209 ETH and it got around $4,927,000 for the lot of crypto assets. The company said that it currently has just over $14 million worth of “cash and stables” on hand. After the sale, the CEO and president of Cypherpunk Holdings, Jeff Gao, spoke about dumping the digital assets for cash.

“Recently, Cypherpunk liquidated all of its treasury holdings in BTC and ETH for cash and withdrew back to custody,” Gao wrote in an update concerning the company’s cryptocurrency holdings and strategy.

“We continue to see systemic risks propagating throughout the crypto ecosystem and, in our assessment of the risk reward and opportunity costs involved in holding asset tokens, we believe that the most prudent approach is to sit on the sidelines as we wait for the volatility and illiquidity contagion to come to its logical conclusion,” Gao said. “On the balance of probabilities, we see weaker price action opening the way to lower levels to come as reports of the number of chains imposing ‘temporary’ suspension on withdrawals increases.”

The Cypherpunk Holdings executive continued by adding:

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Until such a time as our thesis on market conditions change, our treasury will remain in cash. Cypherpunk maintains its long-term bullish outlook on crypto and currently plans to actively seek to capitalize on compelling risk reward opportunities as and when they present.

Company Sold 196.74 Bitcoin and 382 Ether Prior to the June 28 Announcement and Amid the Terra LUNA Fallout

Furthermore, Cypherpunk Holdings dumped bitcoin (BTC) before the June 28 announcement, as it told investors on June 13 that it sold 96.74 BTC for $2.9 million and 50 ETH for $100K. Cypherpunk Holdings’ management also decided to unload shares of Animoca Brands, as it sold the company’s last block of 500,000 Animoca shares for “a realized profit of 234%.” Amid the Terra LUNA and UST fallout, on May 11, 2022, Cypherpunk Holdings sold 100 BTC and 332 ETH for just over $4 million.

With Cypherpunk Holdings removed from the Bitcoin Treasuries list, and Microstrategy’s recent purchase of 480 bitcoins, publicly-listed companies hold 268,357 BTC worth 5.382 billion at current bitcoin exchange rates. Exchange-traded products hold 828,641 BTC, countries hold 50,699 BTC, and private companies own 174,381 BTC, according to the Bitcoin Treasuries list on June 29.

What do you think about Cypherpunk Holdings dumping its bitcoin and ether because it believes “weaker price action” is coming? Let us know what you think about this subject in the comments section below.

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Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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central bank digital currency

Report: Taiwan’s Central Bank May Need 2 Years To Complete Work On CBDC

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Report: Taiwan’s Central Bank May Need 2 Years To Complete Work On CBDC

Taiwan’s central bank is yet to conclude work on its central bank digital currency (CBDC) and according to the bank’s governor, the institution may need two more years to finish its work, a report has said. Some of the bank’s next tasks include winning the public’s support, ensuring the system is stable, and building the currency’s legal framework.

Simulating Use of the CBDC

Some two years after work on Taiwan’s central bank digital currency (CBDC) commenced, the governor of the country’s central bank, Yang Chin-long, recently revealed that his organization is still working on the project. Yang warned the central bank may need as long as two years to complete the task.

Yang, who spoke at a digital currencies forum, also disclosed the central bank had been simulating the use of the CBDC in what a Reuters report called a closed-loop environment. However, the same report said the central bank now faces three key tasks. These include communicating and ultimately winning the public’s support, ensuring the system is stable, and building the currency a legal framework.

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According to the report, the governor also conceded that the entire process may last more than the anticipated two-year period.

While the Taiwanese people are reported to be more accustomed to using cash, Yang said the central bank had to consider the fact that future generations will likely use digital currencies more than they use physical cash.

“We still have to push forward. After all, most of the young people in the future will use mobile phones, so we have to think about the next generation,” Yang is quoted in the report explaining.

What are your thoughts on this story? Let us know what you think in the comments section below.

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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E-Commerce Giant Ebay Files Trademark Applications Covering Wide Range Of Metaverse, NFT Services

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E-Commerce Giant Ebay Files Trademark Applications Covering Wide Range Of Metaverse, NFT Services

E-commerce giant Ebay has filed two trademark applications covering a wide range of products and services relating to the metaverse and non-fungible tokens (NFTs).

Ebay’s NFT, Metaverse Trademark Applications

Ebay Inc. (Nasdaq: EBAY) filed two trademark applications with the United States Patent and Trademark Office (USPTO) last week covering a wide range of products and services relating to non-fungible tokens (NFTs) and the metaverse.

A USPTO-licensed trademark attorney, Mike Kondoudis, tweeted Tuesday: “Ebay Inc. is coming to the metaverse.” He explained that the filings indicate the e-commerce giant’s plans for virtual good marketplaces, online retail stores with actual and virtual goods, NFTs, NFT exchanges, and NFT trading. The applications’ serial numbers are 97473696 and 97473620.

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One day before Ebay filed the two trademark applications, the company announced that it has acquired NFT marketplace Knownorigin. According to Ebay, the two companies signed and closed the deal on June 21.

Ebay CEO Jamie Iannone described at the time: “Ebay is the first stop for people across the globe who are searching for that perfect, hard-to-find, or unique addition to their collection and, with this acquisition, we will remain a leading site as our community is increasingly adding digital collectibles.”

The e-commerce platform began allowing NFT sales in May last year, citing a “massive wave of attention” in the area.

This month, McKinsey and Company said that the metaverse could generate $5 trillion by 2030. “By 2030, it is entirely plausible that more than 50 percent of live events could be held in the metaverse,” the company noted.

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In addition, a survey conducted in April showed that the metaverse will be the most popular place for crypto, with 70% of respondents agreeing that “cryptocurrency and blockchain technology advancements will be critical to shaping the future of the metaverse.” Moreover, Citigroup predicted that the metaverse could be a $13 trillion opportunity with 5 billion users by 2030 while Goldman Sachs sees the metaverse as an $8 trillion opportunity.

What do you think about Ebay filing trademark applications covering metaverse and NFT services? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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