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.

Read the original post here.

Comentarios

Publicar un comentario

Entradas populares de este blog

A Race for Blockchain: IBM, Microsoft, Lenovo explore DLT

-
Imagen
Blockchain, cryptocurrency, and other innovative techs have significant disruptive potential. Within the course of time, this fact becomes obvious not only for community enthusiasts but also for traditional industry players. That is probably the major reason for world electronic bulls to explore the innovative possibilities to boost their own progress. Microsoft showed interest in blockchain technology back in 2018. They announced their plans to apply the technology behind Bitcoin (the leading crypto by market cap) in its decentralised IDs (DIDs) App. The company was support DLT-based DIDs through Microsoft Authenticator App. However, as of now, the project seems to be frozen.    Unstoppable IBM    IBM, another technological giant, has has shown interest in exploring blockchain and cryptocurrency techs even earlier, in 2015. As of now, the company is known to take part in several related projects.   In January 2019, Ford Motor comp...
Leer más

Cryptocurrency Universe Expands Far Beyond Bitcoin

-
Imagen
The code base is increasing and improving every day as computer science graduates from top schools jump on board. By Aaron Brown A sort of “cryptobrawl” broke out last month at the Milken Institute Global Conference between economist Nouriel Roubini and panel participants more optimistic about the future of cryptocurrency technologies. I had the opportunity to participate in a partial rematch at Battle of the Quants, where Roubini was just as negative and DMS Governance's John D’Agostino presented a moderate defense. All of the heat concerns the border of crypto and traditional finance, but much of the important stuff is happening far from the border. For example, one of Roubini's claims is that advances in financial technology by existing financial institutions and startups are delivering on many of the promises of crypto-enthusiasts, and these will continue to transform financial markets. That’s true. However, many of those advances were spurred by the threat of ...
Leer más

Small-business owners more optimistic at the start of 2020, the NFIB says

-
Imagen
The numbers: Small businesses turned more optimistic about sales and profits in the first month of 2020, but they are still struggling to find qualified workers, according to a closely followed survey. The National Federation of Independent Business said its index of small-business optimism rebounded from a small dip in at the end of last year, rising to 104.3 points in January from 102.7 in December. Business owners were more confident that sales would continue to rise and help support higher profits, the NFIB said. What happened: The net percent of owners who expect higher inflation-adjusted sales in the months ahead rose by 7 points to 23%. By and large, business owners were nonplussed by the impeachment trial of President Donald Trump. A gauge that measures uncertainty was basically unchanged. The biggest worry of small businesses continues to be a shortage of skilled employees available for hire. A quarter of owners say it’s their No. 1 problem — more than taxes or re...
Leer más