Categories: Reports

World Gets Into Cryptocurrency Payment Cards

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.

To clarify, Cryptolydian provides some of the top cryptocurrency debit/credit cards in no particular order.

Swipe

The Swipe credit card provides users with different services, including buy, sell, and spend Crypto.

After Binance’s acquisition of Swipe, both companies worked together to further mainstream adoption of cryptocurrency by bridging the gap between fiat and digital assets, notably payments and purchases in cryptocurrency through traditional financial systems.

Swipe’s goal is to further synchronise crypto with fiat currency-based transactions.

Swipe CEO Joselito Lizarondo

Binance Card

With the Binance Visa Card, users can convert and spend your favorite cryptocurrencies at more than 60 million merchants worldwide, according to its website.

“Just transfer crypto from your spot wallet to your card wallet, and you’re ready to go. Spend your crypto anytime, anywhere,” Binance clarified.

Binance crypto debit card is availabe in the European Economic Area (EEA). It also comes with zero fees. Additionally, it offers up to 8% cashback on all eligible purchases.

“All your Binance Card funds are protected by the highest security standards available at Binance. Sleep tight, we’ve got you covered,” Binance said.

Coinbase Card

Coinbase card is a a Visa debit card that allows customers to spend their crypto as easily as fiat currency in their bank accounts.

Firstly, it was launched in the UK in 2019. Nine months later, it is available to customers in 29 markets who are able to spend 10 cryptocurrencies in millions of merchant locations.

This came as a result of being “as a company” a Visa principal member.

Wirex

Wirex said that its Visa card automatically converts more than 12 digital currencies and traditional currencies at the point of sale (POS).

“It let you seamlessly spend your crypto and multiple currencies in real life, anywhere Visa is accepted,” Wirex added.

Moreover, Wirex is one of the most popular crypto debit cards in Europe, according to Cryptoticker. This VISA crypto card supports 10 cryptocurrencies: BTC, LTC, ETH, XRP, WAVES, WOLLO, DAI, NANO, XLM, and Wirex Tokens (WXT).

BirPay Card

The BitPay Card enables customers to instantly convert cryptocurrency into fiat, which is then loaded onto the card and can be spent anywhere. It’s, the first Mastercard® Prepaid card for crypto users in the United States. Users can use it all around the world for online purchases as well.

The BitPay Card offers new benefits and features for consumers making it easier to convert Bitcoin and other cryptocurrency into a spendable balance without currency risk.

Stephen Pair, Co-founder and CEO of BitPay

We are excited to work with Mastercard to expand crypto’s use, while making it easy for businesses to attract new customers who want to spend Bitcoin and offer more places for customers with Bitcoin to shop.

Hanan Hamed

a bilingual journalist. She writes in both Arabic and English. She has been writing news and features for 7 years now. She is specialized in business and economic news.

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