Bitcoin Debit Card News
The idea of creating plastic cards pegged to Bitcoin has been developed from the start of the appearance of Bitcoin in 2008. In 2011-2012, the Bitcoin community started discussing the real possibility of issuing Bitcoin debit cards and their prospects. The attractiveness of this idea is obvious to investors, developers and users, as BTC debit cards could significantly facilitate the use of virtual currency in daily life and, consequently, popularize cryptocoins. By replenishing such cards with Bitcoin, it is possible to pay in shops which don’t accept Bitcoin, as it will be converted into fiat currency automatically. In 2015-2016, the number of projects related to virtual money debit cards began to grow, so currently a cryptocurrency holder can choose among over 25 companies.
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Cryptocurrency exchange platform and card issuer Crypto.com has partnered with Visa and plans to debut fiat lending.
Crypto.com becomes a principal member of the Visa network
Fiat-to-crypto on-ramp service provider Simplex has partnered with Visa to allow its client firms to issue crypto debit cards.
Simplex partners with Visa to issue crypto debit cards
Swiss DeFi startup Eidoo partners with principal member of Visa Europe to issue a new Visa crypto debit card.
Visa Approves New DeFi-Enabled Crypto Card in EU and UK
Crypto.com’s debit Visa cards are now available in all EU states as the company aims for global presence.
Crypto.com Claims Its Card Is ‘Most Widely Available’ After European Expansion
Coinbase’s Visa debit card expanded support for five more cryptocurrencies in ten new countries.
Coinbase Card Adds XRP and Launches in 10 More European Countries
The three-year-old scheme faced skepticism about its popularity on launch, but Shift has not publicly stated the reason behind its decision.
Report: Coinbase-Supported Bitcoin Debit Card to Shut Operations in April