Review on Bonpay USD Card by Olugbenga Ajayi
Bonpay card makes cryptocurrency transactions convenient
As the need for cryptocurrency increases also the need for convenient way to use them increases. Bonpay USD card is one card that meets this need. The card is suitable for use on ATM machines and POS and can be used anywhere MasterCard is accepted.
It comes in two natures: plastic and virtual. Originally the card supports bitcoin and two major flat Currencies: EUR and USD. Hopefully more cryptocurrencies and flat Currencies will be brought in.
To load the card does not work require bank account, one can easily use bitcoin supprted wallet for that. The card makes easy interchange of cryptocurrencies and flat Currencies convenient.
There are multiple fees that are charged though for instance there is initial fee of $15, then monthly usage fee, loading fee and others. It is worth mentioning that it secure assets with pin protected with chip technology.
All in all the card is a solution for easy transaction with cryptocurrency and is already widely adopted. It is available in 136 countries and usable on millions of ATM machines across the
Pros
- It doesn't require bank account. Users can transfer cryptocurrency from digital wallet
- It doesn't charge delivery fee
- It supports many cryptocurrencies
- It makes transaction with cryptocurrency convenient
- It uses two factor authentication
Cons
- It charges multiple fee particularly the withdrawal fee charged is disadvantageous in countries where there is limitations to the amount that can be withdrawn at once.
- It has spending limit
