Crypto debit and credit cards will be available soon

By Moris Beracha.- Credit cards are financial instruments that allow users to perform certain operations from an ATM and pay for goods and services in installments. When speaking of credit payments, we must name Visa and Mastercard, two major credit card networks in that global market.

Visa has publicly supported cryptocurrency and blockchain as part of the future, while Mastercard has patented in the US a method to “manage cryptocurrency fractional reserves in blockchain”. It means that Mastercard wants to create means for easing payments combined with the benefits of traditional payment systems.

Also, it is highlighted that Visa and IBM announced their partnership as part of their new Ethereum payment platform initiative.

Their role in what is also known as economy 4.0 can be essential for their development, since payment methods could become quicker, easier and safer processes.

The blockchain designers are ready to work with any project requested by financial giants in the world.

Importantly, the banking startup 2gether recently announced the launch of a prepaid Visa debit card that allows users to spend cryptocurrencies.

Users can pay in euros or convert 7 different cryptocurrencies to pay with the Visa card: Bitcoin (BTC), ether (ETH), XRP, Bitcoin Cash (BCH), EOS, Stellar (XLM), and Litecoin (LTC). The card instantly converts the cryptos to fiat currency and it is fee-free for customers in 19 countries across Europe.

The hook of these debit or credit cards is certainly that users can skip long exchange processes, easing token use that is gaining more followers worldwide.

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