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Quontic Becomes First Bank to Launch Payment Ring in U.S.

Last updated 04/08/2024 by

Quontic, a Fintech company that offers high-yield and rewarding accounts, mobile banking, and payment products to everyday consumers, announced today that it launched a unique new approach to payments: a payment ring that can connect to any of your Quontic accounts.
While most banks have innovated with mobile wallets and apps on watches, Quontic is launching innovation to a whole new level. Their new payment ring is the first of its kind in the U.S. and allows consumers to connect any Quontic checking account to the payment device. This includes Quontic’s Bitcoin Rewards Checking, Cash Rewards Checking, and High-Interest Rewards Checking accounts.

Quontic is the first bank to offer Bitcoin rewards on a checking account, the first to offer a wearable payment solution, and, often, the only bank willing to demonstrate just how innovative a digital bank can be,” said Steve Schnall, CEO and Founder of Quontic.
As one of only 3% of banks with a Community Development Financial Institution (CDFI) certification, Quontic has received considerable praise from multiple sources. Forbes named it the Best Overall Online Bank of 2022, and both Newsweek and GoBankingRates named Quontic one America’s Best Banks of 2022. And now those banking features are wearable.
For those looking to upgrade their banking experience, Quontic is now offering their payment ring free to those with a Quontic checking account. This can even be their High-Interest Checking Account, which offers up to 1.10% APY.

Key Takeaways

  • Quontic has launched a new contactless payment ring.
  • The ring works exclusively with Quontic checking accounts, including the Bitcoin Rewards Checking, Cash Rewards Checking, and High-Interest Rewards Checking accounts.
  • Quontic High-Interest Checking Account offers up to 1.10% with only $100 initial deposit.
  • Quontic checking accounts are available in all 50 states.

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About Quontic

Quontic is the adaptive digital bank that empowers its customers financially while embracing their diverse circumstances. Quontic’s disruptive banking platform reimagines traditional banking with adaptive lending and innovative deposit products that transcend legacy banking inequities.
Quontic’s mission to break the system for financial empowerment stands in the face of big banks and proves there is a better and more equitable way to put the customer first. The bank focuses on truly understanding and serving the underdogs, entrepreneurs, gig-economy workers, immigrants, and more with a curated banking experience as opposed to a one-size-fits-all banking approach. Quontic is a privately held company based in New York, New York.

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