#apple #applepay #bitpay #bitcoin #bitpaywallet #bitpaycard #crypto /hRp7nm6vDu- BitPay February 23, 2021 Have you added your BitPay Card to Pay® yet? Easily make online and in-store purchases with crypto. It originally launched in 2016 as a US-only debit card and mainly functioned as a Bitcoin payments processor.īitPay now supports eight different fiat currency options alongside support for Bitcoin, Ethereum ( ETH), Gemini Dollar (GUSD), USD Coin ( USDC), Paxos (PAX) and Bitcoin Cash ( BCH). The BitPay prepaid Mastercard has emerged as a top choice for many cryptocurrency holders thanks to its ease of use and low fees. Three of the debit cards with a track record of success and attractive rewards are BitPay, and the Nexo Card. With institutions showing an increased interest in the growing cryptocurrency sector and mainstream awareness of blockchain technology at its highest level ever, crypto debits cards are increasing in prevalence as new players enter the field to try and capture a share in this growing market. They essentially work in the same way that a prepaid debit does. As blockchain technology and the public's awareness of cryptocurrency continues to grow, a range of new use cases a coming to market and enhancing the efficacy of legacy financial systems.ĭespite its many applications, the original use case for Bitcoin ( BTC) as a medium of exchange remains one of the most fundamental applications of blockchain technology and while BTC might not be the best asset to use for payments, there are service providers who have eased the process of settling transactions in other cryptocurrencies.įor 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.
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