Debit Cards News
Debit cards are plastic payment cards, that draw money directly from a user’s bank account to perform a transaction. A debit card is used as a more convenient analog of cash and its use is gradually overtaking the use of other methods of transactions. There are also prepaid debit cards that are issued to have limited value and can’t be refilled, though these are not commonly used. Debit cards make storing money easier when compared with cash, but they also have their issues. For example, you may not be able to complete a transaction, if its provider has technical issues, it may not be accepted by the other party of the transaction and, finally, it may be compromised while being used to pay for something on an insecure website. In some countries, debit card payments are charged by banks with a small fee, but it may be a cause for a retailer not to perform small transactions with debit cards.
Despite the hype surrounding cryptocurrencies, few people are using the digital asset for its intended purpose — payments.
This new crypto debit card brings low fees and convenience to cryptocurrency payments
Visa executive Akshay Chopra reveals that the company’s partnerships with cryptocurrency exchanges have facilitated billions of dollars in payment volume.
Crypto cards facilitated $1B payment volume in 2021 following exchange deals — Visa exec
Visa also reportedly stopped issuing new co-branded cryptocurrency cards with Binance in Europe as of July.
Mastercard and Binance end crypto card partnership in Latin America
Binance didn’t reveal the exact reason behind the suspension but claimed it would only impact 1% of users in the affected regions.
Binance to halt crypto debit card in Latin America, Middle East
NFT company Yuga Labs is set to acquire a metaverse-building startup to advance its Otherside metaverse project.
Art, history and Bruce Lee in the metaverse, food brands use NFTs: Nifty Newsletter
How is layer-2 scaling transforming the global payments landscape, offering secure, seamless and instant transactions?
This platform makes debit card transactions possible directly on Arbitrum
Wirex cards may stop working in the European Economic Area, but funds held in the account are safe, the company said.
Wirex may suffer card outage in EEA due to UAB PayrNet licensing issue