Cryptocurrency-based fintech startup, Crypterium, announced, on Monday, 28 September, entering into a partnership with VISA.
Upon this partnership, the company will launch a new payment card, Crypterium Card VISA Edition.
Crypterium users can now choose between the existing Crypterium Card UnionPay and its VISA counterpart as their preferred instrument for spending cryptocurrencies.
According to the company, more than 30,000 cryptocurrency holders from across 150 different countries are already using its payment solution.
It comes with a monthly spending limit of up to €10,000 and a cash withdrawal limit of €2,500.
“With the entry of new VISA powered cards, the platform expects to serve more than 500,000 customers as it strives to make cryptos as easy to spend as cash.”
Negotiations between both parties took almost a year. Now, the vibrant yellow and black Crypterium Card VISA Edition is available for free.
Users will have to just bear the delivery costs which may go up to EUR 14.99 in case of express delivery. However, CRPT token holders will be eligible for free-of-charge delivery, according to Newsbtc.
Nowadays, most banks offer prepaid cards at no cost. At Crypterium, our goal is to make available similar (or even better) financial services for cryptocurrency holders. People using digital assets needed a truly affordable payment card. And that’s what our VISA card is all about.Austin Kimm, COO at Crypterium
Cryptocurrency debit and credit cards are conquering the digital payment system. Their usage started to further surge when COVID-19 emerged.
Just as normal credit/debit cards, people can use crypto cards to pay for goods and services at markets that accept them. Moreover, some of these cards offer converting crypto into fiat currencies in the payment process.
Generally, people who own any cryptocurrency can simply fill their cards with a payment processor, or transfer their money to specific wallets and link it to a credit or debit card with the cryptocurrency of their choice.