Mastercard and Bakkt Partner to Offer Crypto Loyalty Programs

Mastercard and Bakkt announced a partnership to make it easier for merchants, banks and fintechs in the U.S. to offer cryptocurrency loyalty programs.

Mastercard will also integrate crypto into its loyalty solutions, enabling its partners to offer cryptocurrency as rewards and create fungibility between loyalty points and other digital assets. This means that consumers can earn and spend rewards in cryptocurrency instead of traditional loyalty points and seamlessly convert their crypto holdings to pay for purchases. Offers a Unicorn Credit Card Powered by AI is a new fintech company that wants to help you improve your credit score with its special credit card powered by AI.

As you buy items on your credit card, Cred will automatically pay them off from your bank account—not instantly (that way, you can still build credit) and not necessarily at the end of the month (that way you don’t float too much debt at any given time, which can also hurt your credit). Even if you autopay your credit card monthly, Cred’s AI can, in theory, do better.

This is old news, but I’m sharing it because the app is now available in the App Store to apply. I applied for the card last night to hopefully review in the future. There is a waiting list unless you have an invite code.

Cash Your Stimulus Check Using This New ‘Venmo’ Feature

Venmo has added a new check-cashing feature to its app rolling out to select users on Monday. It can be used to cash printed, payroll, and U.S. government checks. The company is also waiving its 1% fee for stimulus checks for a limited time.

To be eligible to use Cash a Check, Venmo customers will need to have either Direct Deposit or a Venmo Debit Card enabled on their account, location services turned on, and a verified email address.

Customers who gain access to the feature will then be able take a picture of their endorsed check and send it to the Venmo app to review, much like they would if cashing a check in a mobile banking app.

Report: Some Robinhood Accounts Were Hacked

Bloomberg reports that some Robinhood users had their accounts hacked and investments liquidated. But Robinhood said that the company itself wasn’t hacked.

A limited number of customers appear to have had their Robinhood account targeted by cyber criminals because of their personal email account (that which is associated with their Robinhood account) being compromised outside of Robinhood. We’re actively working with those impacted to secure their accounts.