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    QONEQT in Crypto News

    14-Nov-2022 05:22 AM


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    Payments company Curve bids for BlockFi's 87,000 credit card customers

    Payments company Curve is in active discussions to acquire crypto lender BlockFi's more than 87,000 credit card customers — whose credit cards have been suspended since Nov. 11.
    My BlockFi credit card has officially stopped working.
    "The primary point of contact for the pending negotiation is Deserve/ Evolve, not BlockFi, but that is an understanding that needs to be confirmed," they added, noting also that Curve is not interested in BlockFi's assets.
    Should the acquisition succeed, the fintech is looking to continue BlockFi's credit card program, noting that customers will still be able to earn crypto rewards.
    Related: BlockFi limits platform activity, including a halt on client withdrawals The bid for BlockFi’s credit card customers comes days after BlockFi announced it was suspending withdrawals on Nov. 11, citing the ongoing saga with crypto exchange FTX as the cause.
    The same day BlockFi credit card users flooded Twitter reporting their cards were no longer working and had received messages from BlockFi confirming the cards had been suspended because of "recent events at BlockFi."
    Source: Cointelegraph
    #BlockFi