Visa is releasing a new credit card that will offer cashback rewards to customers in Bitcoin in early 2021. The card, called the Bitcoin Rewards Credit Card, has been hailed as the latest sign of mainstream adoption for the cryptocurrency.

According to cryptocurrency company BlockFi, anyone approved for a card would receive a monthly credit limit. For every transaction made on the card, 1.5% cash back will automatically be converted into Bitcoin and put into a BlockFi account monthly. On the other hand, Cardholders will also receive a bonus of $250 in Bitcoin after spending $3,000 or more within the first three months of ownership, BlockFi said in a statement.

Meanwhile, the Reserve Bank of Malawi is undecided on cryptocurrencies in Malawi, but players in the financial sector expressed interest in the trade. Last year in November, during the opening of the Monetary Policy Conference, the (former) RBM Governor Dalitso Kabambe said that the central bank is still cautious on the adoption of cryptocurrencies (digital currencies) as legal tender because it could affect monetary policy decisions. In June that year, RBM called on proposals from experts that are interested in undertaking research work on “The Extent of Cryptocurrencies in Malawi”. According to the ad placed by the central bank in the newspapers, the research would include detailed data on the topic.

“We have not said yes or no but we know there are cryptocurrencies. Take caution when you are dealing in those currencies,” RBM General Council and Bank Secretary, George Chioza said.