Bitpay has released its Visa-based prepaid debit card in 131 countries. BitPay chief commercial officer Sonny Singh said that “the Visa-branded offering enables users to top up its BitPay Prepaid Visa Card with dollars using cryptocurrency, which can then be spent as euros, British pounds or US dollars at merchants around the globe”.
The card “makes it possible for users to convert Bitcoin into a spendable dollar, euro or pound balance on the card in a matter of minutes.
According to Bitpay, this is the first prepaid Visa-branded debit card for Bitcoin users in such major countries as the US, Argentina, Brazil, China, Germany and Japan. The card taps into a Bitcoin market that Bitpay estimates is worth some $36 billion.
“The card solves a major problem for early blockchain payments adopters: how to convert Bitcoin received, earned, or saved into a balance spendable with everyday Visa-accepting merchants and Visa-compatible ATMs,” Bitpay states.
Bitpay is working with WaveCrest for the international rollout.
How To Get A Bitcoin Debit Card
Bitcoin debit cards help bridge the Bitcoin world with traditional finance and you can either buy Bitcoins with your debit card or load a debit card with bitcoins to then spend bitcoins at almost any credit card accepting merchant.
While Bitcoin debit cards do not allow users to spend bitcoins directly they at least allow people to store balances in bitcoin. Since most debit card top ups only take a few seconds to confirm then bitcoin balances can be held up until the need to spend.
If you are interested in bitcoin debit cards you can also browse list below…
- Cryptopay Debit Card
- SpectroCoin VISA Debit Card
- Uquid VISA Debit Card
- Xapo VISA Debit Card