The global debit card issuance giant Visa is known for its interest in innovative finance. After having successfully launched its first blockchain-based initiative, the company has been working further on expanding its innovative projects.
Most people prefer to use cryptocurrency for storing value and profit rather than for making payments and transactions. However, the adoption of crypto cards puts digital currency closer to conventional money.
A new type of mobile cryptocurrency exchange and a card paying service will soon be in vogue, as users will be granted access to use the Visa network to make transactions happen between cryptocurrencies and fiat.
Coinbase seeks to change the face of cryptos including Bitcoin (BTC), the leading cryptocurrency by market cap (MC). The crypto exchange bull headquartered in San Francisco, California, have rolled out a visa debit card that enables users in the European Union (EU) and the UK to spend cryptocurrencies instantly from their accounts. Currently, the company has over 13 million users worldwide.
EO.Finance has launched a crypto-fiat gateway. Now it is possible to buy cryptocurrencies directly from the wallet using your debit or credit card, the maximum amount per single transaction is $25,000. Right now EO.Finance works with 40 different cryptos, and soon even more currencies will become available for purchase.
Blockchain solutions provider MinexSystems has now announced that its much-anticipated MineyPay debit card is available for pre-order. The crypto-enabled debit card represents the simplest, quickest way to pay for everyday purchases with cryptocurrency, just as you would with a normal debit card.
Cards and crypto don’t mix very well at the moment. There’s been a lot of trauma in the space but before looking at that and the solutions it requires, why does the crypto industry need credit or debit cards in the first place?
Welcome back to Coin Idol TV News channel. Today’s most important news from the world of Blockchain and cryptocurrency: Bitcoin physical debit cards are coming back in Europe; Bitcoin transaction fees hit a record low; Hackers attacked Atlanta's government computers to demand ransom in cryptocurrency.