The card is the latest advancement for CryptoSpend, who are leading the way with simplifying crypto payments and making cryptocurrencies easier to spend for everyday Australians.
Inspiration for CryptoSpend’s new Visa prepaid card
“It all started a few years ago when I got my first exposure to the world of cryptocurrencies.”
“It occurred to me that crypto wasn’t being used as a currency, but instead a commodity. So we set out to change that.” Andrew Grech, CEO & co-founder of CryptoSpend said.
“Today we are able to support our customers with a card that is simple to access, simple to use and has no hidden fees. It is all about making crypto easier to use for the mass market.”
With a rapidly growing customer base, the CryptoSpend card will be obtainable through the CryptoSpend app, allowing customers to get both a physical and digital card.
“It simplifies crypto spending for Australians and is a safe, secure environment for people to pay a bill, send crypto to a mate, or even cash out their crypto to Australian dollars.”
Commentary on CryptoSpend’s new Visa prepaid card
“That could be paying for weekly groceries, a pair of shoes, or a home delivered meal.”
“This solution connects the simplicity of the ‘tap to pay’ checkout with digital currency, and the SMBs on the other end don’t need to change a thing about accepting payments.”
The CryptoSpend Visa prepaid card can be used anywhere Visa is accepted and doesn’t require merchants to accept cryptocurrencies at the checkout or create new cryptographic keys.
More than US$1bn has been spent on crypto Visa cards in the first half of 2021 globally.