The official cryptocurrency of Pudgy Penguins (PENGU) rose on Wednesday after the popular NFT collection teased a cryptocurrency debit card as part of its push into consumer finance.
‘Pengu Card’ For Crypto Payments
The Pengu Card, powered by payments giant Visa Inc. (NYSE:V), will allow users to spend stablecoins or cryptocurrencies directly at over 150 million merchants, with up to 12% rewards and 7% yield on balances.
The card will have three tiers: Standard, Black, and Gold, with Gold delivering the maximum reward at 12% and Standard offering 6%.
Users will have to join a waitlist to receive a unique referral code they can share with friends. The top inviters stand to receive a free Pengu Card. They would …