Visa partners with Blockfi for cash-back crypto credit card

VISA (NYSE: V) and Blockfi are partnering with a Bitcoin-back style rewards program, the first of a major institution accepting the technology. Providing 1.5% rewards back in BTC instead of cash back, VISA joins the game months after Paypal announces their own move into crypto launching in 2021. Blockfi currently offers loans against crypto holdings, as well as other products such as interest-bearing crypto accounts.

https://try.blockfi.com/credit-card-waitlist/

Apple Inc. (NYSE: AAPL) is rumored to have invested $3.6 billion USD in Korean car company KIA Motors (KRX: 000270) in the latest rumor of the tech giant’s entry into the electrification and autonomous vehicle space. Since 2014, beginning with Project Titan, there have been rumors of Apple entering the market a few times but with nothing conclusive. With a $193 billion USD war-chest of cash since Q2 2020, it makes sense to enter the space as the projected market of ride-sharing expects to top $218 billion USD by 2025.

Gamestop (NYSE: GME) moves forward into 2021 with a new chief technology officer, providing a promising shift to e-commerce amidst an 8x rise in market cap for the brick-and-mortar company since November 2020. Matt Francis, a former Amazon Web Services engineer, starts February 15th 2021 and is expected to lead the charge in Gamestop’s online presence.

- Jon