Crypto cards are perhaps the best compromise between the old financial system and the new. They bridge the gap between the legacy fiat system and the future of cryptocurrencies. You might be a long term holder of crypto looking to spend some of your profits, or you might have decided to make the full switch to crypto and only occasionally spend some to cover your bills. Or maybe you just want the convenience of holding your crypto* and your fiat in the same wallet. If you fall into any of these categories, you will probably find it useful to get yourself a crypto card.
Today, there are many more people into crypto than there were five years ago. In the US alone, an estimated 10 million people own Bitcoin. Though the space is growing rapidly, most merchants are yet to adopt this new technology and it remains difficult to find some that accept crypto as a payment method. That’s where the crypto debit card becomes a great option.
A crypto debit card is exactly like your regular payment card, except that you have the option to load it with crypto instead of fiat. In other words, once loaded with crypto, the card can be used in the same manner as you would with your debit or credit card. For example, you can buy groceries, pay for petrol or book a holiday. Though you are spending your cryptos, the merchants are receiving payments in fiat.