Israel's first crypto-cashback credit card

Max and Bits of Gold launches MaxBack Crypto- Get Bitcoin cashback on credit card purchases - Seite 2

digital currencies. With Max, anyone can own Bitcoin and take the first steps in
this new domain."

Youval Rouach, CEO of Bits of Gold, said: "I am excited with the launch. Bitcoin
and digital currencies are the new financial reality. The MaxBack Crypto credit
card is an opportunity for many Israelis to comfortably take the first steps in
this new reality, opening the door to enjoy the possibilities that the world of
digital currencies offers. Our cooperation will allow Israelis to securely
connect to this ecosystem and hold Bitcoin with unprecedented ease. Bits of Gold
is in its tenth year of pioneering the field of digital currencies, and we are
happy to work with a large-scale financial entity like Max, which welcomes
innovation and strives towards it for its clients."

How will it work?

Bits of Gold will automatically open a dedicated account for every customer
issuing the new credit card. Max will transfer ILS 1 to this account for every
ILS 160 spent with the card (subject to terms of use), and these funds will be
converted to Bitcoin. Holding the Bitcoin account will not incur additional
costs to the credit card user. The market value of Bitcoin tends to fluctuate,
and currently, one Israeli shekel is worth about ten micro-bitcoins, commonly
known as bits . E.g., for monthly spending for ILS 5,000 with the MaxBack Crypto
card, they will receive about 310 bits, based on the Bitcoin exchange rate on
the day of its purchase, and these will be kept for them in a personal wallet.
In this manner, customers will be able to accumulate Bitcoin over time, hold
them safely and convert them back into ILS and to their Israeli bank account.

Max customers will be able to track their Bitcoin balance in the Max app and log
in from there with a single click to their dedicated Bits of Gold account.
There, MaxBack Crypto cardholders will be able to use their card to buy Bitcoin
and Etherium, followed by other currencies, at a 6% discount off the purchase
fees while accruing eligibility for additional Bitcoin cashback for these
purchases. In addition, cardholders will enjoy all the benefits Max offers its
members.

About Max

MAX is a leading and innovative credit & payments company in Israel. The company
provides a wide range of financial solutions such as credit, loans, advanced
payments, acquiring, issuing, factoring, insurance and more to financial
institutions, merchants and consumers. MAX has issued more than 3M cards - Visa
and MasterCard brands and it provides acquiring services for more than 40,000
merchants in Israel. Today, MAX holds the fastest growing lending portfolio
among the Israeli credit card companies.