Review on WageCan GBP by Stephen Toluwani
Yet to be launched but compensate by using third party providers
The WageCan GBP card seems to be a yet to be launched crypto card as purely indicated by my interactions with the WageCan community administrator. Despite not being launched yet, WageCan still makes avail, Debit cards to its customers via third party providers like LuxPin for it's physical cards and LinkNode for the Virtual prepaid card.
The different parties seems to come up with their own fees but doesn't indicate any support for the GBP as a local or in-card currency. WageCan on its own is an investment platform and making use of its third party card providers doesn't spend funds from the WageCan wallet, instead the users are to fund the cards by the deposit address generated for any of the card replenishing.
It's physical cards by LuxPin is also not available to be distributed in certain countries but the virtual card is easy to access, no KYC and no account creation process.
While waiting for the launch of WageCan GBP official card, one can still make use of its third party cards
Pros
- Supports both physical and virtual cards via third parties
- Using it's virtual card, KYC and account creation process are not required
Cons
- High fees are correlated with using the third party cards provided by WageCan
- It's physical cards provided by LuxPin isn't available to distribute to everywhere in the world
- Funds spent using the virtual card isn't charged directly from WageCan but cards has to be funded first
