Review on Xapo GBP by jesus ruiz
Xapo Bitcoin GBP, European market card
For some time now, cryptoasset users have had services that allow us to have debit cards or prepaid cards with bitcoins to use our cryptocurrencies,
The Xapo Bitcoin GBP debit card has an issue cost of 15 EUR and when using ATMs for withdrawals in foreign currencies, it charges a foreign currency conversion fee of 3%.
ATM withdrawals can be made in Euros and payments at merchants are made in GBP, which is Xapo's native token, or in EUR.
On the other hand, although there are a large number of platforms that issue debit cards, a few others stopped doing so when Visa Europe terminated its membership with WaveCrest, the prepaid card service provider.
Xapo, announced that it will end its service to U.S. customers as of 2021, according to a client email dated Dec. 30, 2020. After obtaining a banking license in Gibraltar, the company realized it would need to establish a separate organization to comply with U.S. banking regulations, in a market without strong demand for its specific services.
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Pros
- Backed by VISA Corporation
- No ATM withdrawal limits
- Withdrawals can be made in EUR
Cons
- If you choose Euros as the main exchange currency and then pay with GBP, you will be charged an additional fee.
