The search for mainstream adoption remains a central theme in the cryptocurrency space, and crypto debit cards have been seen as a great way to bridge the gap between traditional finance and digital currencies.
Bitcoin debit cards allow both cryptos and fiat currencies to integrate in a usable way and cards holders can transfer funds onto their cards and make payments and purchases at restaurants, cinemas, retail outlets, and a host of other places.
The cards make it much more straightforward to spend cryptos, and often do not require much of the specialized knowledge that comes with obtaining and storing digital assets.
This makes it much easier for the majority of people to get involved with cryptocurrencies and over the past few years a number of companies have ventured into the space in order to provide the public with a range of prepaid debit card spending options.
However, as card providers rely on the services provided by VISA and MasterCard, any issues with the credit card giants can lead to serious hold ups, and an issue between VISA and the Gibraltar-based WaveCrest Bank last year led to VISA announcing that WaveCrest Holdings would no longer be authorized to operate Visa® prepaid cards both inside and outside of the European Economic Area (EEA).
As WaveCrest dealt with the majority of crypto debit card companies, this was a significant setback to the sector, however, a number of projects are up and running, and allow people to spend their funds via physical and/or virtual debit cards, and here are some of the best choices.
What to Look for in a Crypto Debit Card
While the final choice of Bitcoin debit card depends on the individual and their particular set of circumstances, there are a number of factors that should be taken into consideration when choosing a card and/or service provider and these include:
- Jurisdiction: Due to how the cryptocurrency industry is currently being regulated, each debit card solution will only be available in certain areas. Users…