Tel Aviv, Israel –News Direct– Bits Of Gold
Israel’s first crypto-cashback credit card:
Max and Bits of Gold launches MaxBack Crypto
Get Bitcoin cashback on credit card purchases
Max, the Israeli super-brand credit card and payment group has signed a strategic cooperation agreement with Bits of Gold to launch the MaxBack Crypto VISA card that will offer Bitcoin cashback on purchases
The cooperation will unlock a mainstream market of more than 3 million credit cards, a large number in a market with 8 million people, like Israel
* Early registration opens *
Max Credit Cards, the Israeli payment and credit card super-brand holding more than 3 million credit cards announced that it had signed a strategic cooperation agreement with Bits of Gold towards launching a new and unique VISA credit card, MaxBack Crypto, with which will allow users to accumulate eligibility for cashback in Bitcoin depending on their spending with the card. Upon ordering the card, a dedicated account will be opened for the customer by Bits of Gold. The cashback amount accumulated in NIS will be transferred, and Bits of Gold will automatically convert it to Bitcoin. The MaxBack Crypto will be launched in the coming weeks, subject to the completion of regulatory requirements. Meanwhile, a preliminary registration for updates was launched.
Also, Bits of Gold, regulated under the Israeli Capital Market Authority, has reached agreements with the Tax Authority to significantly ease some of the bureaucratic burdens on Israelis interested in buying and selling digital currencies. The deal focuses on tax deduction from sellers of digital currencies in a “closed circuit” (directly to Bits of Gold, without accepting or passing on to others). It stipulates that the company itself will deduct the tax. This means that customers will be able to trade digital currencies without the need for independent reporting to the tax authority. At the same time, taxation will work smoothly and without any action required from the customer.