Spending Cryptocurrency

The approval for mainstream use in cryptocurrency remains a central theme, and crypto debit cards have been adopted as a great way to bridge the gap between traditional finance and digital currencies. These cards have introduced significant transaction speed, privacy, cost, and convenience improvements. Crypto debit cards have eased the combination of cryptocurrency and fiat currency, where cardholders can make transactions and payments at restaurants, cinemas, retail outlets, and other places. In addition, when spending cryptos, you often don't require much-specialized…

Recently, Binance officially announced the launch of its crypto debit card, that will enable users to spend their cryptos by converting them into fiat while taking advantage of established debit card networks. Visa issued the Binance card, and it is accepted by over 46 million merchants offline and online in 200 regions, making shopping with crypto effortless. Initially, the card will be in Malaysia, then Vietnam, and later to other regions. It is currently available as a virtual card in…

An announcement on March 17th stated that Coinbase card users can now add it directly to their Google Pay wallets. The exchange's card is a Visa debit card funded with crypto, enabling users to spend directly from their Coinbase accounts. Google Pay gives the exchange's card customers a fast, secure way to buy items using their smartphones. Additionally, the Google Pay app enables Android users to purchase things using their crypto balance in the safest way possible. Coinbase claims to…

Well, cryptocurrencies have been making headlines everywhere, all over the world. People are making fortunes off the new trend, and there doesn’t seem to be a shortage as more cryptocurrencies are coming into the market. But are cryptocurrencies being used for what they mean - “currencies”? To be a currency, an instrument should function as legal tender. Meaning that if I have bitcoin, I must be able to use that bitcoin to pay for my restaurant bill or buy a…