Review on TRASTRA by Benaiah A. Akinlade
TRASTRA Card: Making Fiat-Crypto transition swift
It is no longer news that cryptocurrencies are here to stay. These decentralised digital currencies are so powerful that they reduce the value and trading power of fiat currencies. No wonder the monopoly of local banks and bankers is depleting at an alarming rate.
It is no surprise then that local banks and fiat financial institutions reject anything associated with crypto. This is an effort to make it difficult to covert our hard earned crypto to fiat currencies.
Fiat to crypto Debit cards are part of the solution to this problem of exchange, and TRASTRA card is no different.
TRASTRA Card is a VISA issued banking debit card that can be loaded with both fiat (Euros) and cryptocurrency (Bitcoin, Ethereum, Monero, Litecoin, and Bitcoin Cash). The card is issued by Contis Financial Services Ltd in England & Wales. It is available for everyone living in the European Economic Area. The card being a VISA card makes it useful worldwide for shopping, payments of different bills, and sending money to bank accounts. It works on ATMs too and allows you to convert your fiat/crypto exchanges without hassle through the app which is available on iOS and Android.
It is noteworthy that the only fiat currency currently supported by TRASTRA Card is Euro (€)
.
The TRASTRA card allows you to spend up to €8,000 daily, while withdrawals you can make on ATM is €300 daily. The maximum balance you are able to have on you card at any point in time is €8,000
.
There is a monthly card fee of €1.25 and the cost of transfers between TRASTRA card users is just €0.20
.
There is no fee attributed to your Card delivery except the fee for ordering the card which is done on the TRASTRA mobile app which only requires a KYC process.
TRASTRA cards are highly secure from fraud since all your transactions are verified by Visa ID check
. Also, all your transactions goes through the VISA 3D secure protocol.
If you want to log in to your account, it is required of you to provide your wallet password and OTP sent to your phone number or email. New devices also needs to be verified. Which means that you can’t use an unknown device to log in to your account.
This card have come a long way in making us able to easily transact between Fiat and Crypto currencies, I hope in the nearest future that more fiats will be supported along with a whole lot more of cryptocurrencies.
Pros
- The card is highly secure to use
- There are affordable fees attributed to the card
- The card app is available on web, Android and iOS
Cons
- The card needs to support more fiat and crypto currencies
