{"id":855,"date":"2022-02-23T09:45:00","date_gmt":"2022-02-23T09:45:00","guid":{"rendered":"https:\/\/wordpress-665686-4207838.cloudwaysapps.coms\/?p=855"},"modified":"2022-07-14T12:26:25","modified_gmt":"2022-07-14T12:26:25","slug":"how-crypto-debit-cards-make-your-life-easier","status":"publish","type":"post","link":"https:\/\/www.ixfi.com\/blog\/general\/how-crypto-debit-cards-make-your-life-easier\/","title":{"rendered":"How Crypto Debit Cards Make Your Life Easier"},"content":{"rendered":"
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A crypto debit card is a card for payments meant to replace cash or debit\/credit card offered by banks. Even if most of us use cards to make payments daily, it\u2019s easy to forget that they began existing very recently \u2014 in the second half of the XX century. Crypto cards are more similar to debit cards because instead of loaning credit (like credit cards), the money we\u2019re spending must be already deposited when the purchase is made.<\/p>\n\n\n\n

This money is transferred immediately from our account to the merchants to pay for the acquisition. Some debit cards already have a value that can be used to purchase goods (called a prepaid card) \u2014 and in other instances, the card number can be attributed exclusively for online usage, leaving no room for a physical card. It\u2019s called a virtual card<\/em> \u2014 and if you\u2019ve used a payment app \u2014 you\u2019ve probably encountered this term. More recently, many exchange platforms have released crypto debit cards \u2014 which can be used to buy different things, whether it\u2019s online or not.<\/p>\n\n\n\n

But my coins are an investment. So why would I spend them?<\/em><\/strong><\/h2>\n\n\n\n

The crypto world, which was met by explosive growth over the past couple of years, encounters more often users\u2019 desire to use cryptocurrencies for as many transactions in the real world as possible. The main reasons for this desire are vision and perspective \u2014 for the market to stay as high as possible over a more extended period and for cryptocurrencies to ceil median price levels, they need to be as convenient to use as traditional FIAT money. Over the last few years, merchants have opened up to the idea of accepting crypto payments, but retail industry giants haven\u2019t exactly done so yet.<\/p>\n\n\n\n

How do crypto debit cards work?<\/em><\/strong><\/h2>\n\n\n\n

Due to the modern technology we\u2019re using today, it\u2019s easy to use Bitcoin, Ethereum, or other cryptocurrencies as a form o payment to buy goods and services online or in real life \u2014 through a gateway that manages the conversion from crypto to FIAT (or traditional money, as we know it) when the sale is made. To put it even simpler: if the POS we\u2019re paying through accepts Visa or MasterCard debit cards \u2014 and cryptocurrencies are not restricted in that specific country \u2014 then the buyer authorizes the transaction. At the same time, the POS converts digital assets to money, reducing the risk of merchants being skeptical towards receiving crypto payments.<\/p>\n\n\n\n

What cryptocurrencies can I use with this type of card?<\/em><\/strong><\/h2>\n\n\n\n

It depends a lot on the debit card issuer. Some of them offer crypto debit cards with a single cryptocurrency you can use, while others offer up to 90. All these crypto debit cards have pros and cons, like anything else, from monthly commissions, administration fees, transaction fees, cashback, or geographic limitations \u2014 some of them work only in the US, while others only in Europe. This is why it\u2019s important to look for the ones that best suit your needs.<\/p>\n\n\n\n

What will Visa and MasterCard do about this?<\/em><\/strong><\/h2>\n\n\n\n

Visa and MasterCard have expressed their support towards cryptocurrencies in their vast networks, offering users access to their crypto portfolios and the possibility to convert them rapidly and cheaply anytime they need to use traditional money to pay for goods. But, of course, we cannot say that there is general acceptability for crypto because governments do not fully understand its technology yet. Still, payment giants have openly expressed that even though they don\u2019t encourage the usage of crypto debit cards, they\u2019re here to support those who want to use them.<\/p>\n\n\n\n

\u201cWe\u2019re here to allow clients, merchants, and companies to put the value they have to good use \u2014 whether FIAT money or crypto \u2014 just as they want. It should be your choice; it\u2019s your money\u201d \u2014 <\/em>Jess Turner, MasterCard vice-president<\/p><\/blockquote>\n\n\n\n

The difference between traditional FIAT money and cryptocurrencies is slowly fading away, and this is a good thing for consumers who want more options. There is a market for crypto debit cards that is already full of competition, and we\u2019re anticipating that more and more people will adopt them while more cryptocurrencies are on their way to becoming a mainstream payment method.<\/p>\n\n\n\n

IXFI is planning to make the crypto debit card of everyone\u2019s dreams through our Flexible Crypto Card Solutions. If you\u2019re not already registered, what are you waiting for?\u00a0<\/em>Your Friendly Crypto Exchange<\/em><\/a>\u00a0is here to make your financial journey safer and significantly easier.<\/em><\/p>\n\n\n\n

Disclaimer:<\/em><\/strong> <\/strong>The content of this article is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial and fiscal circumstances.<\/p>\n\n\n\n

Although the material contained in this article was prepared based on information from public and private sources that IXFI believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and IXFI expressly disclaims any liability for the accuracy and completeness of the information contained in this article.<\/p>\n\n\n\n

Investment involves risk; any ideas or strategies discussed herein should therefore not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial and fiscal objectives, needs and risk tolerance. IXFI expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.<\/p>\n","protected":false},"excerpt":{"rendered":"

A crypto debit card is a card for payments meant to replace cash or debit\/credit card offered by banks. Even if most of us use cards to make payments daily, it\u2019s easy to forget that they began existing very recently \u2014 in the second half of the XX century. Crypto cards are more similar to […]<\/p>\n","protected":false},"author":3,"featured_media":856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ixfi.com\/blog\/wp-content\/uploads\/2022\/06\/1_tnsFAKfr5KJGPea4sUtflA.png","_links":{"self":[{"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/posts\/855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/comments?post=855"}],"version-history":[{"count":2,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/posts\/855\/revisions"}],"predecessor-version":[{"id":1427,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/posts\/855\/revisions\/1427"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/media\/856"}],"wp:attachment":[{"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/media?parent=855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/categories?post=855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/tags?post=855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}