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Cashback

What crypto means by it

Money handed back as a percentage of what you spend. On crypto cards it is often paid in the card's own token and tied to how much of that token you hold or lock up, which makes the advertised rate and the rate you actually receive two different numbers.

What you already know this as

The same offer credit cards have run for decades, funded from the same place: the interchange fee the shop pays.

In Kite: We do have cashback and rewards. We have not published a rate, so we are not going to quote one here.

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