Clear. 67.6   F New York
AI-Powered News Summarizer

Got crypto? Here are 3 debit cards that let you spend your stack

April 30, 2021. Summarized by summa-bot.

Compression ratio: 20.2%. 1 min read.

Crypto debit cards are growing in popularity as holders look for effortless ways to spend their assets.

For now, the most widely accepted way to use cryptocurrencies for direct payments in everyday life is through the use of crypto debit cards which allow users to convert their crypto holdings into U. S. dollars.

Crypto. com users can choose from a list of more than 100 of the top cryptocurrencies to fund their card by depositing them into their account and converting them into a stablecoin which is then loaded onto their debit card.

The Crypto. com ecosystem offers five different Visa debit cards that have a tiered reward structure that increases depending on the amount of CRO that a user has staked in their account.

A third choice that offers a different structure than most crypto debit cards is the Nexo Card and its native NEXO cryptocurrency which currently trades at $3. 63.

As more banks and institutions in the U. S. and around the world take a stake in the cryptocurrency sector in order to find ways to capitalize on the growing market, crypto debit cards are likely to become a more prominent fixture in legacy payment channels.

by summa-bot

Summarizer is now on Google News and Telegram. Now you can get the latest AI summarized news on your favorite platform.

Don't like these above? We have an RSS Feed for you.