Two Israeli credit card firms will provide Bitcoin buy & reward support

Max and Isracard established partnerships with crypto companies to bring bitcoin into Credit card services for customers.

Crypto & blockchain-related interest is continuously increasing in the whole world. On one side crypto investors are looking to grab opportunities with the continuous high return on investment in leading crypto assets, on the other side, big companies including financial institutions are continuously working to introduce Bitcoin like legendary crypto assets in their services or portfolio, to step with modern financial technology.

On 17 May, Local news media Calcalist reported that Two credit card firms Max and Isracard jumped in Bitcoin support with their corresponding partnership with crypto firms. The partnership will help these two companies to provide Bitcoin buy services via credit card payments directly, without going through any third-party platform.

Max credit card firm established a partnership with Bits of Gold to launch the Crypto-supported Credit card “MaxBack Crypto”. According to the available details regarding this partnership, customers will also be able to cashback in Bitcoins, for their Credit card use activities.

Max is formerly known as Leumi Card and this credit card company is one of the biggest credit card processor platforms in Israel. 

According to reports, in the past, this company issued around 1.6 million Credit cards and also provides clearing services to more than 40k merchants.

Isracard Group is one of the well-known rivals of Max, which provides credit clearing services to 4 big credit card brands that include American Express, MasterCard, Visa, and Isracard-like giant platforms. 

Isracard established a partnership with Altshuler Shaham, Altshuler’s digital assets inclined subsidiary Altshuler Shaham Horizon. 

In the past, Altshuler Shaham expressed its plans to invest in Bitcoin, before it invested $100 million in the Bitcoin trust fund of Grayscale in 2020.

Read also: Crypto is not suitable for crypto payments, says Dutch regulatory body