RAIDRAID XRD STO news

RAID is a project that aims to have game data circulated transparently by applying blockchain technology. RAID is vitalizing the game data industry with OP.GG, the largest game data company as well as the first partner, by imbuing the improved efficiency into the existing game market. The goal of RAID is to offer users more innovative game experiences by creating new game data businesses that will ultimately result in the positive growth of the entire game industry. (BITTREX LAUNCHPAD) 
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KuCoin Hits its First IEO for MultiVAC Project Resulting Native Token Pumped Higher

Native tokens of Major cryptocurrency exchanges are moving the upside graph of Coinmarketcap following their interest in trending IEO concept. One of such token is KuCoin shares from KuCoin exchange which gains higher value after hosting the first project on Spotlight (The name of KuCoin’s IEO). At the moment, the KCS token has gained 15.17 percent over the past 24 hours. While Bittrex Suddenly Cancels its First IEO of RAID project, KuCoin took a leap with its Spotlight for a project called MultiVAC. Reportedly, the project is the first of its kind that hosted on KuCoin Spotlight platform. Interested users must hold KCS token and participate in MultiVAC Spotlight/ Initial Exchange Offering – increasing interest in KuCoin’s first Spotlight is likely the strong reason that influenced KSC’s market cap. Let’s put our Spotlight on MultiVAC! It’s my pleasure to introduce the pioneering all-dimensional sharding and flexible blockchain to you: MultiVAC, which is also the first project of KuCoin Spotlight. pic.twitter.com/1a3maI8AHM — Michael Gan (@gan_chun) March 25, 2019 Accordingly, the exchange had successfully completed the Spotlight of META token. Speaking the similar regards, CEO Michael Gan also shared yet another announcement; We will release the first Spotlight project within 24 hrs. Our derivative trading platform KuMex is also on the way and KCS will play a key role in it. Please stay tuned!! KCS Token is Rising As per the data provided by Coinmarketcap, KCS stands at 55th position with the value $1.31 US Dollar. Moreover, the average market cap of KCS token counts $117,746,520. Source: Coinmarpetcap.com However, IEO is as equal as Binance’s launchpad – Indeed, Binance is the early player in the crypto market to capture major crypto community with its new updates such as Binance Launchpad, Binance DEX, and Binance Chain. As Coingape reported, OKEx is also following the footprints of Binance exchange and announced its native blockchain called OKChain, OKDEx (decentralized exchange) and OKJumpstart. So readers, do you think IEO is an effective concept in against ICO? share your thoughts with us. The post KuCoin Hits its First IEO for MultiVAC Project Resulting Native Token Pumped Higher appeared first on Coingape.
CoinGape

RAID Project: Bittrex Cancels RAID IEO Hours Before Launch

Cryptocurrency exchange Bittrex has reportedly canceled an IEO (initial exchange offering) hours before its launch. The RAID project was expected to make $6 million USD by selling its XRD token to customers on the Bittrex exchange. Canceled RAID Project Bittrex reportedly called off the token sale after it learned that the RAID project had suddenly terminated its partnership with e-gaming data analytics company OP.GG. According to Bittrex, the partnership “was a vital part of the RAID project,” Bittrex said in a statement. “When Bittrex International became aware of this significant event, we did not ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Bittrex cancels Initial Exchange Offering following changes to RAID project

U.S. crypto exchange Bittrex has announced the cancellation of the Initial Exchange Offering of the RAID token. According to Bittrex, RAID has undergone significant changes, and “OP.GG terminated its strategic partnership with RAID, which was a vital part of the RAID project.” For that reason, Bittrex no longer believes it can continue with the IEO in good faith. "One of the hardest challenges we face in advancing blockchain adoption is to avoid the rampant fear, uncertainty, and doubt that is everywhere in this industry," Bittrex writes. "When we become aware of significant events, we respond quickly to protect our users." Before the cancellation, the company admitted it wasn’t going to prevent Chinese citizens from participating if they were eligible for Bittrex International.
The Block Crypto

In the Daily: Cosmos Expands, Crypto Crime Network, Bittrex Cancels Raid Sale

In Friday’s edition of the daily, we begin by examining the rise of Cosmos, which in terms of sheer hype and expectation is this month’s Grin. We also check out anonymous crime reporting system Intelli Network and consider Bittrex International’s decision to cancel its first token sale hours before it was scheduled to start. Also read: Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement Cosmos Whips the Cryptosphere Into a Craze The Cosmos network is only a few days old and already it’s the hottest ticket in town. 20,000 blocks have been produced so far, with an average block time of six seconds. The only number that’s captivated the investor community, however, is the price of its ATOM token. Poloniex is in the process of adding Cosmos’ native token to its exchange, but meanwhile, it’s trading on other platforms as futures. With atoms on some exchanges trading for close to $19, ICO participants are on course to make a cool 200x on their 2017 investment. The proof-of-stake Cosmos network, whose Tendermint algorithm has formed the basis of Binance’ new DEX, aims to connect blockchains and provide full interoperability between BTC and other assets. Intelli Network Devises Crypto Crime Network Intelli Network, an Ethereum dapp, has shared details of its crime-gathering network. The project aims to enhance public safety by facilitating the sharing of intelligence tools, with a focus on crowdsourced tips that can be provided anonymously and viewed by anyone. It aims to overcome the black box problem in which crime reports are normally submitted by the public, who are then left in the dark as to whether the incident has been investigated and resolved. The Canada-based Intelli Network is backed by the Calgary Innovation Coalition, an organization that supports entrepreneurs and startups in the region. Bittrex International Cancels Raid Token Sale On March 14, Bittrex International called off its maiden token sale hours before it was set to go ahead. In a statement, the exchange explained that “Trust and integrity are our most valuable assets … We decided to cancel the IEO as a result of significant changes in the business status of RAID. Specifically, a few hours ago, OP.GG terminated its strategic partnership with RAID, which was a vital part of the RAID project. When Bittrex International became aware of this significant event, we did not feel that it was in the best interest of our customers to move forward with the IEO.” OP.GG In an unambiguously worded statement, OP.GG explained: “There will be no economic and technical cooperation with RAID coin. In addition, OP.GG has no intention of developing any blockchain related business utilizing RIOT GAMES data. OP.GG will take all possible legal measures against individuals or organizations disseminating false facts related to this.” What are your thoughts on the stories in today’s news roundup? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post In the Daily: Cosmos Expands, Crypto Crime Network, Bittrex Cancels Raid Sale appeared first on Bitcoin News.
Bitcoin News

Here is Why Bittrex Suddenly Cancelled its Excited IEO Just Hours Before Scheduled Launch

Initial Exchange Offerings (IEO) are popping up as a new trend among cryptocurrency exchanges. As such, Bittrex Exchange had also announced to host its first IEO for a token called XRD but suddenly announced to pull it back due to ‘last minute’ problem, as confirmed by European Exchange Bittrex. Bittrex cryptocurrency exchange announced the reversal of its upcoming IEO scheduled to host on behalf of a South Korean Startup RAID for its XRD token. The exchange suddenly canceled it on March on March 14. As per the records, the IEO was supposed to go live on March 15 – and the cancellation announcement comes before a few hours of the scheduled launch. According to an official report, the exchange abruptly canceled it due to ‘significant, last minute changes’ with XRD crypto project. Bittrex International broke out a reversal tweet adding ‘ trust and integrity are the most valuable assets’; Trust and integrity are the most valuable assets of Bittrex International. As a result of significant, last-minute changes with RAID, we have cancelled the IEO offering of the RAID token. We apologize for the inconvenience. We will provide a more complete statement shortly. — Bittrex International (@BittrexIntl) March 14, 2019 Furthermore, in an upcoming tweet and announcement, Bittrex explains that the change occurred in the business status of the RAID project, elaborating that OP.GG terminated its strategic partnership with RAID which was essential for RAID project. OP.GG terminated its strategic partnership with RAID, which was a vital part of the RAID project. When Bittrex International became aware of this significant event, we did not feel that it was in the best interest of our customers to move forward with the IEO. Concerning the similar context, OP.GG reportedly confirmed that there will be no economic and technical cooperation with RAID Project. However, the platform servers 45 million monthly active users and with the recent announcement, all potential business discussion related to RAID project is no longer the concern of OP.GG. To note, Bittrex’s first IEO received a significant response from the industry players including CZ from Binance cryptocurrency exchange. if everything would perfect, Bittrex would launch its first IEO today (i.e on March 15) at 10 am KST on behalf of RAID project. Those who don’t know about IEO or Bittrex’s IEO announcement, please visit here – IEO The post Here is Why Bittrex Suddenly Cancelled its Excited IEO Just Hours Before Scheduled Launch appeared first on Coingape.
CoinGape

Bittrex Cancels RAID Offering After Project Terminates Partnership

Bittrex International has abruptly cancelled its first Initial Exchange Offering (IEO), mere hours before it was scheduled to begin. The exchange cited “significant, last minute changes” with the RAID (XRD) cryptocurrency project, saying they had no choice but to stop the IEO. Bittrex broke the news on Twitter this afternoon. Trust and integrity are the most valuable assets of Bittrex International. As a result of significant, last-minute changes with RAID, we have cancelled the IEO offering of the RAID token. We apologize for the inconvenience. We will provide a more complete statement shortly. — Bittrex International (@BittrexIntl) March 14, 2019 RAID is a blockchain-based game data supplier, and its XRD offering was expected to be Bittrex’s first token sale. The sale was only announced on Tuesday, as Crypto Briefing reported. At the time, Bittrex’s CEO, Bill Shihara, said that the sale would provide the sector with a regulated token sale space; it was to be their contribution to help move “the blockchain contribution forward.” Although Bittrex has yet to explain why the cancellation, it appears to be related to a breakup with one of RAID’s key business partners appears to be behind it. OP.GG, a game data analytics platform, OP.GG, had been a core partner to RAID, but the partnership appears to have gone sour. There’s still no news on what caused the split. Both companies’ websites have announcements confirming that their partnership is now at an end.  On RAID’s website it says the relationship had now been “terminated” because of “circumstances” at the partner company. OP.GG has also distanced itself from RAID. “OP.GG has stopped all potential business discussions related to RAID project and there will be no economic and technical cooperation with RAID coin,” it says on their website. “In addition, OP.GG has no intention of developing any blockchain related business utilizing RIOT GAMES data.” “OP.GG will take all possible legal measures against individuals or organizations disseminating false facts related to this,” it adds. The author is invested in digital assets, but none mentioned in this article. This article relates to breaking news. It will be updated as we learn more information. Join the conversation on Telegram and Twitter! The post Bittrex Cancels RAID Offering After Project Terminates Partnership appeared first on Crypto Briefing.
CryptoBriefing

Breaking: Bittrex Int’l Scraps ‘IEO’ amid Controversy over Crypto Startup RAID

European cryptocurrency exchange Bittrex International has scrapped its first “initial exchange offering” (IEO), just hours before the RAID crypto token sale was scheduled to commence. The cryptocurrency exchange announced the halt to the sale on Twitter, explaining that it made the decision to boot RAID from its platform after the project made “significant, last minute changes.” Trust and integrity are the most valuable assets of Bittrex International. As a result of significant, last-minute changes with RAID, we have cancelled the IEO offering of the RAID token. We apologize for the inconvenience. We will provide a more complete statement shortly. — The post Breaking: Bittrex Int’l Scraps ‘IEO’ amid Controversy over Crypto Startup RAID appeared first on CCN
CCN

Are XRD Tokens Coming From a Real Company?

CoinSpeaker Are XRD Tokens Coming From a Real Company?We already wrote of how the Exchange will launch its first IEO on behalf of RAID, a blockchain project. As announced on March 11, 2019, Bittrex said that they will host RAID (XRD) token Sale on its platform in a new concept known as Initial Exchange Offering.According to the announcement, Bittrex will launch IEO of RAID project. The new project is a blockchain-powered gaming data start-up originating from South Korea.However, following the story, we found some “irregularities” that may, or may not be of big importance but we still feel the urge to write the facts that are legit.Did Bittrex Listed Non Existent Tokens From Singapore?In the legal announcement by Bittrex, it is noted that XRD tokens will be issued by ONERAID PTE. LTD, a Singaporean Company. We tried to find this company on ACRA official website. As for them, there is no company with that name registered in Singapore.There are, however, several companies that have the word “Raid” in their full name (and are also Pte Ltd) but while one being registered for selling alcoholic beverages, the second one for apparel and accessories, the rest of them are pretty much inactive (and registered before 2010).Needless to say, we tried to google it, but with the exception of the story that we also covered yesterday, no one seems to hear for this company either (not even LinkedIn).We then went on their website where they are explaining their goal is to give data ownership back to users using blockchain technology and token economy.They wrote:“As a result, our goal is to create the decentralized game data ecosystem where data can be freely exchanged amongst users. Also, by leveraging the game data ecosystem, we are planning to promote and develop new businesses such as advanced game marketing, game data analysis and game distribution platform.”We then tried to find some of their co-founders or employees on the web. Even though their names and photos are regularly listed on their website, it doesn’t seem the guys are too eager to be on LinkedIn and/or Facebook. We couldn’t even find co-founder Cheonwoo Park for whose company OP.GG Forbes says it has amassed 32 million monthly active users across 30 countries. About him we don’t know much.Only that he is the founder of the company OP.GG. a website that tracks stats for widely popular multiplayer online games “League of Legends,” “Overwatch” and “Playerunknown’s Battlegrounds.” It also says that he is born in . world’s esports capital South Korea where he built up his first online gaming community at age 12. In high school, he ran a forum for selling MMORPG in-game items.Now, this is where the things became even more interesting, or should we say, “weird”. On OP.GG website is noted:“OP.GG has no affiliation with RAID Coin, and there is no economic and technical cooperation with RAID Coin. In addition OP.GG has no intention of developing any blockchain related business utilizing RIOT GAMES data. OP.GG will take all possible legal measures against individualsor organizations disseminating false facts related to this.”Also, trying to find anybody who could answer our legit questions, we realized that all six employees, including co-founders Cheonwoo Park and Taesung Kim are from South Korea. We have sent them an e-mail asking do they think it’s legit that non existent Singapore company already sells tokens and raises funds using Singapore as a brand and yet there is no evidence that a single Singaporean is employed in a non existent Singapore entity?We are still waiting for an answer and will publish it as soon as we get one.Changing the Name of the Token 16 Hours Ahead of Sale?We also asked why there is no data on the future token’s price, and the roadmap? It was also weird for us that only 16 hours ahead of token sale, they tweeted their decision to change the name of their token from XRD to RAID even though the name of the official website stayed the same – XRD.GG.And Twitter. They probably have done it in a hurry because the adress: https://twitter.com/RAIDOfficial2 doesn’t sound to convincing especially if we find the adress https://twitter.com/RAIDOfficial that has 5 followers and is belonging to someone who calls him/herself Shrey Sharma.The last but not least is a question: Where are the additional 14,5% from if the Initial Circulating Supply is 34.5%, Bittrex has 17% and Korean stock 3%?In the meantime, while writing this text on the original site XRD.GG came with an announcement that says:“The partnership between RAID and OP.GG has been terminated due to the circumstances of the partner company. OP. GG will also announce regarding this matter. We believe this will have a significant impact on investors’ decision-making. Therefore, after discussing with Bittrex, we will be able to inform you on the details before IEO begins.”So, there you have it and it leaves us to wait to see if we can get an answer to our questions.Are XRD Tokens Coming From a Real Company?
Coinspeaker

World’s First Initial Exchange Offering Announced by Bittrex

CoinSpeaker World’s First Initial Exchange Offering Announced by BittrexThe effects of the crypto winter are still biting ruthlessly. Amid these hostile conditions, cryptocurrency exchanges and blockchain companies keep coming up with new methods of raising money and awareness. Bittrex is one of these crypto exchanges that have shifted to walking on a new trend of launching an Initial Exchange Offering (IEO).The Exchange will launch its first IEO on behalf of RAID, a blockchain project. As announced on March 11, 2019, Bittrex will host RAID (XRD) token Sale on its platform in a new concept known as Initial Exchange Offering. According to the announcement, Bittrex will launch IEO of RAID project. The new project is a blockchain-powered gaming data start-up originating from South Korea.For that reason, RAID already delivered its 17 billion XRD tokens to Bittrex exchange targeting to raise $5.95 million. The exchange plans to offer 1 XRD at the cost of 10 Satoshi. They have set a minimum purchase of $10 and a maximum of $20,000. The IEO of RAID’s XRD token will start on March 15, 2019, at 10.00 AM KST time.Bill Shihara, Bittrex CEO elaborated about the latest development and the RAID blockchain platform saying:“We are committed to increasing adoption and moving the blockchain revolution forward. The ability for projects like RAID to innovate, advance, and promote the gaming industry on our platform is a game changer for all involved and not just for RAID and our team.”On the other hand, RAID co-founder Taesung Kim referred to the IEO as a ‘tremendous honor.’ He also believes that Bittrex’s choice was a ‘vote of confidence’ for the project’s vision. He said:“This IEO will be crucial to making a more transparent gaming data ecosystem, and the businesses needed to achieve it, a reality.”Initial Exchange Offering (IEO) DebunkedThe IEO is a concept beyond ICO token sale. Unlike ICO where the prices may encounter less security level, experienced manipulation, and may reach sudden sell-off initially, IEOtakese place on registered crypto exchanges. In IEO, exchanges host token sales on behalf of the project rather than the project itself.Through that process, the exchange offers higher security level while simultaneously avoiding price manipulation. Therefore, IEO is simply an advanced method of hosting a token sale and raising capital through a cryptocurrency exchange.Is it a Binance LaunchPad’s Competitor?Although IEO takes a similar approach to that of Binance’s launchpad, it is not a direct competitor to Binance. Bittrex will act as the counter-party to the upcoming sale. Changpeng Zhao (CZ), the CEO of Binance Exchange, believes that crypto will eventually gain global adoption. He is thrilled to see RAID joining the ‘club.’ He said:“The race to see who lists first is overrated, and short term focused. Exchange users are very liquid. They move around all the time. We just focus on improving our products and services for the long run.”Bittrex’s founder, Bill Shihara, is confident of the exchange’s security level. He said that his company is committed to increasing adoption rates and supporting the blockchain revolution. He also believes that the ability of projects like RAID to advance, innovate, and promote the gaming industry on Bittrex is beneficial for all participants.Potential buyers need to set up a Bittrex account, a process expected to bring new traders to the platform. The exchange’s location lets investors from all over the world to participate in regulated token sales.The new developments may signify an upturn in the crypto industry. Although the crypto world looks better than months ago, trading volumes are still down. This being said, Bittrex might hope the IEO will enable it to catch up to its largest rival.World’s First Initial Exchange Offering Announced by Bittrex
Coinspeaker

Bittrex International Exchange to Host First International Exchange Offering

Bittrex International Exchange (BIE) is trailing the blaze by hosting a token sale for the RAID (RDX) blockchain project via a new concept called Initial Exchange Offering (IEO). RAID aims to develop new technologies for the gaming community that will enable gamers to share data that will foster improvement, marketing and business development for theRead MoreRead More. The post by Tom Nyarunda appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
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Tron is Now Available for Trading on the eToro Platform

Tron (TRX) was added to the social trading platform eToro. More than 100 million registered users will have access to one of the largest cryptocurrencies in the market. […] The post Tron is Now Available for Trading on the eToro Platform appeared first on UseTheBitcoin.
Use The Bitcoin

eToro Acquires Smart Contract Infrastructure Provider FirmoImage via eToro, Facebook

Social trading and multi-asset brokerage company eToro has acquired Firmo, a smart contract infrastructure provider, for an undisclosed amount, eToro announced on Monday. The company said the acquisition aims to bring it “one step closer to becoming the first truly global service provider allowing people to trade, invest and save.” The Firmo team will act […] The post eToro Acquires Smart Contract Infrastructure Provider Firmo appeared first on Coinjournal.
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eToro Signals Tokenized Future with Acquisition of Smart Contract Infrastructure Provider Firmo

Coinspeaker eToro Signals Tokenized Future with Acquisition of Smart Contract Infrastructure Provider FirmoGlobal multi-asset investment platform eToro has today announced that it has acquired Firmo, for an undisclosed amount. Firmo enables smart contracts for derivatives to be securely enabled on any major blockchain.Commenting on the news Yoni Assia, Co-founder and CEO of eToro, said:“The acquisition of Firmo will enable eToro to accelerate the growth of our tokenized assets offering.  Blockchain and the tokenization of assets will play a major role in the future of finance. We believe that in time all investible assets will be tokenized and that we will see the greatest transfer of wealth ever onto the blockchain.”eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. While this core vision remains the same, new technology namely blockchain, means that the eToro business has, and will continue to, evolve.Yoni Assia continued:“While our expansion has been largely organic to date, as the eToro business continues to grow we are on the lookout to acquire businesses which will help us stay at the forefront of fintech innovation. We believe that the market is particularly exciting at the moment.”The Firmo team will act as an internal innovation unit tasked with bringing to life the goal of tokenizing all assets on eToro. This will involve research and development of infrastructure for the representation of assets and the execution of trade processes on blockchain infrastructure.Dr. Omri Ross, CEO and Founder of Firmo, said:“The advent of crypto and the blockchain technology that underpins it has driven an explosion in financial innovation, however, a number of challenges are preventing mass adoption and integration into legacy infrastructure.  Our goal is to enable our users to trade any asset globally with instant settlement by tokenizing assets and executing all essential trade processes on the blockchain.” Firmo’s underlying technology provides a platform to securely deploy financial contracts and can work with any blockchain. They have developed a formally verified, domain-specific contract language ‘FirmoLang’ which, with the support of Firmo’s compiler can be translated onto a number of blockchain platforms such as Ethereum, EOS or NEO.Yoni Assia said:“The Firmo team has done ground-breaking work in developing practical applications for blockchain technology which will facilitate friction-less global trading. The adoption of smart contracts on the blockchain increases trust and transparency in financial services. We are incredibly proud and excited that they will be joining the eToro family. We believe that together we have a very bright future and look forward to pursuing our shared goal to become the first truly global service provider allowing people to trade, invest and save.”About eToroeToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. The eToro Group consists of the eToro platform, our multi-asset trading and investment venue, and eToroX, which manages our crypto wallet and forthcoming exchange.The eToro platform enables people to invest in the assets they want, from stocks and commodities to cryptoassets. We are a global community of more than ten million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.As technology has evolved, so has our business. In 2018, we created eToroX, our digital asset subsidiary. eToroX provides the infrastructure, in the form of a crypto wallet and the forthcoming exchange, that supports our commitment to facilitating the evolution of tokenized assets. We believe that leveraging blockchain technology will enable us to become the first truly global service provider allowing everyone to trade, invest and save.eToro Signals Tokenized Future with Acquisition of Smart Contract Infrastructure Provider Firmo
Coinspeaker

5 Things You Need to Know About Apple’s New Credit Cardapple-cardampressman

Hoping to move more even deeply into the financial lives of its customers, Apple on Monday unveiled its own iPhone-oriented credit card, called the "Apple Card." The card, created in partnership with Goldman Sachs and Mastercard, comes with some features that set it apart from traditional credit cards like a lack of a visible credit card number. But it also has some features that most people are well familiar with such as cash back. In a particularly Apple touch, customers can apply for the card on an app on their phones. It will be available this summer, Apple said. The card is tied closely into Apple Pay, the company’s digital wireless payments system. That makes it easy for customers to use the card for payments with all their Apple devices and for purchases both in retail stores and online. Here are five important things you should know about the new Apple Card: This isn’t your father’s credit card Yes, this is a physical credit card – albeit made of all-white, engraved titanium. But it doesn't have a number or expiration date printed on it. Get money back Like many other rewards cards, users will get a 2% rebate on spending with the new card through the Apple Pay app and 1% back when using its as a physical card. Customers will get 3% back on purchases from Apple. But customers won't have to wait long to spend the rebates. Apple said they would be available immediately on an accompanying app for use on new purchases, to pay down a credit card balance, or even to transfer to other people using Apple Pay. No fees Apple didn't say what the interest rate would be on the new card. Apple aapl did say that the card will have no annual fee, no late fees, no over-limit fee, and no international fees. Apple has previously offered a more typical branded Visa card in partnership with Barclays. That card also has no annual fee and lets users accumulate rewards points that can be redeemed for Apple gift cards. But otherwise, it more resembles a typical credit card, with late fees and other extra charges. Privacy protection Apple said it would provide more privacy protection than typical credit cards. The company said it wouldn't know where customers spend, how much they spend, or what they buy. Goldman Sachs gs would have that data and wouldn’t sell that information to third parties for marketing or advertising. Better spending data The new card will come with an app that provides highly detailed information about the users’ finances. Using data from Apple Maps, the app will show exactly where and when every transaction occurred instead of a traditional credit card statement. The app will "transform this mess into names and locations that you'll recognize," Apple vice president Jennifer Bailey said. The app will compile the information while processing all financial data on each user’s device. No data would flow to Apple’s servers, the company said.
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