VISA-Backed Crypto Cards Help Bitcoin Payments Go Mainstream
One more Bitcoin startup has plans to offer a debit card with crypto integration, according to a recent report from Bloomberg.
Fold’s new VISA-backed card will allow users who make cash payments to earn up to ten percent of their purchase value in Bitcoin. This reward system is similar to air miles or “cashback”―except that rewards will be measured in cryptocurrency.
The company’s Bitcoin debit card is part of Visa’s Fintech Fast Track Program, and it will be available alongside its existing app and prepaid gift cards.
Payment Cards on the Rise
Though Fold has not made it clear when it will launch its crypto card, the announcement is a sign that Bitcoin is ready for payments applications at large.
CEO Will Reeves argues that Bitcoin is “[entering] the pantheon where it’s that much closer to everyday consumers.” He believes that there are “more shoppers than speculators.”
Other companies have also announced similar payment cards. Over the past several months, Binance and BitPay have announced their own payment cards, while Coinbase has announced plans to expand its existing card to new countries.
Over 29 different crypto cards, backed by VISA and other payment companies, currently exist.
Pay With Jubiter
Though many Bitcoin payment cards are a work in progress, you can start using our card right now. At Jubiter, we offer our own Bitcoin debit card, which allows you to spend crypto at virtually any store, location, or website.
Simply load your card with Bitcoin from your Jubiter account, and your crypto balance will be converted to cash as soon as you make a purchase.
Our card offers low fees, instant transaction notifications, ATM withdrawals, and support for over 100 countries, making it the ideal solution for Bitcoin investors around the world.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.