Young Platform introduces a new fiat account with an IBAN code and an associated Visa debit card, with which you can earn cashback up to 3.6%. This account will be alongside the “crypto” section of the app.
Young Platform and the fiat account with IBAN alongside the crypto section of the app
Young Platform has announced the introduction of a new “fiat” currency payment account, associated with the traditional “crypto” section of its app.
In practice, users will now be able to open their own fiat account with an associated IBAN code and the Young Platform Visa debit card, which offers up to 3.6% cashback.
This cashback, deducted from the commission fees of electronic payments and thus removed from the traditional logic of financial circuits, will be issued to the user through the proprietary token Young.
Thanks to this mode, cashback becomes for users a true gateway to the crypto world.
Not only that, the platform will also offer other tools such as futures for operating with margin trading, services to purchase stocks, ETFs, commodities, and DeFi functionalities like Lend & Borrow to obtain or offer liquidity.
In this regard, Andrea Ferrero, CEO and co-founder of Young Platform, stated:
“Young Platform will be a 360° solution to manage one’s money, primarily for the crypto investor, but also for those seeking an innovative solution that is safe, transparent, and Italian, complying with all European regulations. Young Platform’s mission is to transform financial education into a gateway, not an obstacle. For this reason, we are breaking down the barriers between the crypto world and traditional finance, and “The Box” represents an invitation to rethink one’s relationship with money and investments, offering concrete tools for financial independence.”
Young Platform: the news during the campaign “The Box”
This news of the new fiat account alongside the crypto one is arriving while Young Platform is in the heart of its “The Box” campaign.
In fact, from March 18 to May 21, users can access the contest and start completing various challenges, accumulating Gems, to succeed in winning exclusive prizes.
The protagonist of the awards is precisely the Carta Young: the phosphorescent debit card that glows in the dark and offers up to a maximum of 3.6% cashback on every purchase. The percentages vary based on your membership Club.
Other prizes are then MacBook Pro, iPhone 16 Pro, PlayStation 5 Pro and much more.
To win, users can choose between two ways. In the first case, it will be enough to accumulate Gems by completing missions and climbing the leaderboard. Here, the user will win prizes based on the position they have secured.
In the second case, however, the user can obtain Lottery Tickets, each of which offers the chance to win prizes, even without being present in the ranking.
Important, it is to remember that all participants of the contest The Box must complete the new KYC verification of their account in order to become eligible to receive the prizes.
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The fiscal reports
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Young Platform has recently made headlines also for its tax report service. In fact, with a post on X, the Italian crypto-exchange highlighted the various benefits that are obtained by using this service.
In reality, the functionalities of Young Platform’s Tax Report were introduced already in May 2024, with the aim of helping to simplify the income tax declaration process in Italy.
In fact, among other things, this report also simplifies the payment of taxes on capital gains from crypto transactions in the Bel Paese. The service was launched with the Milan start-up Okipo.