There’s a growing demand to pay for food with Bitcoin in-store and online. As institutions adopt Bitcoin as a store of value, people also want to use it for everyday purchases.
Bitcoin Debit Card News
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Wirex first launched its crypto debit card in 2015 and currently claims over six million customers.
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Binance didn’t reveal the exact reason behind the suspension but claimed it would only impact 1% of users in the affected regions.
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Wirex cards may stop working in the European Economic Area, but funds held in the account are safe, the company said.
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The EU Cryptopay cards may stop working soon as the Bank of Lithuania has revoked the EMI license of the app’s provider, UAB PayrNet.
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Bybit is set to roll out Mastercard-powered debit cards, allowing users to pay for goods and services with cryptocurrency holdings.
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The American Express executive said that the firm is bullish on crypto and is actively working to incorporate more crypto-related services in the future.
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Mastercard is angling to become the go-to for governments and private entities when testing and rolling out central bank digital currencies or stablecoins.
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This spring, crypto-related transactions using Visa were a significant boost to the company’s cross-border volume, although this effect is beginning to wane.
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Monobank is seeking approval from the National Bank of Ukraine to launch its Bitcoin debit card later this month.
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Whitelisted Coinbase Card users will be able to use crypto to pay via Apple Pay and Google Pay while earning up to 4% in rebates.
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StormX has quietly rallied more than 2,800% since February as the project's crypto rewards program and plans to launch a debit card bear fruit for early investors.
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Cryptocurrency exchange platform and card issuer Crypto.com has partnered with Visa and plans to debut fiat lending.
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Fiat-to-crypto on-ramp service provider Simplex has partnered with Visa to allow its client firms to issue crypto debit cards.
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Swiss DeFi startup Eidoo partners with principal member of Visa Europe to issue a new Visa crypto debit card.
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