The cryptocurrency space is now getting more popular, so we won’t be surprised if more currencies will also become mainstream sooner than we can think. Considering this, credit card issuers are trying to exploit this momentum by releasing what they like to call crypto debit cards.
According to Coingeek, the card allows users to use their crypto funds in the same manner as if they were in a bank account. Basically, you can purchase online, but also use the card at a store or even pay the bill at a restaurant.
The power within
Crypto debit cards have the potential to break down barriers for traditionally-minded users, who still consider cryptocurrencies something without any future.
Right now, there are just a few companies offering crypto debit cards. However, names like Cryptopay, Fuzex, or MoxyOne have already made the step forward. As for one of the most innovative models available right now, we should mention the Bitcoin Cash Visa debit card, offering extremely good payments options, as well as some low fees.
Obviously, we should also include online banking giant Revolut, as they have recently announced their crypto debit card, which can be used to buy Bitcoin, Bitcoin Cash, Ethereum, Litecoin, or Ripple, being highly popular right now.
Another card which includes several payment options for cryptocurrency enthusiasts is Wirex. Users can manage not only their USD, Euros, or UK pounds, but also Bitcoin and Litecoin. Their system is pretty similar to Revolut, as everything you need to do is open a free account, top it up and you’re ready to start trading cryptocurrencies.
Technology is becoming easier to use
The main barrier to adopting them is definitely the technology involved, but with such a card, you can spend all your digital assets with ease.
More than 100,000 merchants have started accepting payments with cryptocurrencies, so it shouldn’t be long until crypto debit cards become as popular as regular debit cards. The service is surely in its infancy right now, but these cards could change this with ease.