New Debit Card Allows Payments In BTC, XRP, And Gold
The crypto adoption is getting stronger and stronger with various moves from more entitites in the financial space.
You may recall the great news that everyone received this year when Coinbase and Visa made a massive announcement.
Coinbase, which is the world’s leading crypto exchange is powering the world’s first crypto Visa debit cards for everyday use.
As the first crypto member of the Visa network, Coinbase now allows customers to spend their digital assets such as Bitcoin (BTC), Ethereum (ETH), and XRP, “online, offline and internationally, wherever Visa is accepted.”
Uphold releases new debit card
Digital payment platform Uphold released a new debit card and it will allow users to pay with converted crypto, cash, and commodities.
Cointelegraph notes that Uphold’s new multi-asset debit card allows the US-based participants to spend assets that are in their Uphold accounts at any Mastercard compatible location.
A rep for the firm told the following to the publication mentioned above:
“Anywhere globally where Mastercard is accepted, they will be able to use this debit card,” she said.
It’s been also revealed that United States-based customers can now pre-order the card.
The new card has compatibility for 24 crypto assets, 27 fiat currencies, and four metals, including Bitcoin (BTC), Basic Attention Token (BAT), Ripple’s XRP, gold, and U.S. dollars.
High spendability across any connected asset
Uphold’s multi-asset debit card is “the first of its kind that allows users to convert different commodities, crypto-assets, and fiat currencies to spendable cash at the point of sale,” as the online publication calls it.
“If you toggle within the app that the debit card is connected to, you are able to spend, instantly, BAT, gold, palladium, silver USD — anything, anywhere, any time — in real-time,” an Uphold rep said.
The rep continued and said that “This really gives spendability across any connected asset.”
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.