Visa's massive investment in a credit card tech startup Eligibility

On October 27, Kalpesh Kapadia, co-founder and CEO of credit card technology startup Deserve, announced in an interview that credit card giant Visa Inc. has become an investor in Deserve. In July 2007, Qualified announced that it had partnered with cryptocurrency financial services company BlockFi to develop the Visa card. The card allows users to receive rewards in the form of bitcoins. The Kalpesh Kapadia debit card is worth up to $ 2 billion annually, and BlockFi cardholders expect to spend around $ 30,000 annually, which is 50% more than debit cardholders. According to Bloomberg News, Deserve already completed a $ 50 million funding round in June and was worth more than $ 500 million. Mastercard participates in the investments. Other investors include Ally Ventures, Goldman Sachs Group Inc. and Sallie Mae. Visa did not immediately respond to a request for CoinDesk advice. (Parts office)