Visa to approve Bitcoin spending card for Australian startup CryptoSpend
Crypto debit cards continue to catch on as an Australian digital assets startup gets approval from Visa to release a spending card down under. Global payment giant Visa is moving forward with its commitment to digital currency adoption by approving the issuance of a new Bitcoin (BTC) debit card in Australia.Sydney-based crypto spending app CryptoSpend announced Wednesday that Visa has approved the issuance of a physical debit card that will allow Australians to spend their Bitcoin at local merchants.CryptoSpend co-founders said in an interview with the Australian Financial Review that the....
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Visa is reportedly set to approve Australian crypto startup Cryptospend’s issuance of debit cards for spending bitcoin and several other cryptocurrencies. “We have a lot of demand for the card,” the company claims. Global card giant Visa is expected to announce later this week the approval of the issuance of a physical debit card that will allow Cryptospend app users to spend their cryptocurrencies using existing payment terminals, Cryptospend co-founder and CEO Andrew Grech reportedly said. “It will be the first time cryptocurrencies can be spent using a payments....
Visa has consolidated a new partnership for the benefit of Bitcoin holders based in Austria. The payment giant has granted CryptoSpend permission to issue debit cards that will enable BTC holders to use their funds in shops, bars, and other local establishments. CryptoSpend is an Australian-based startup that seeks to become a bridge between traditional […]
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Crypto-linked card spending is on the rise. Visa shared this week that consumer spending with Visa-based crypto credit cards has exceeded $1B this year, through just the first six months of the year. Increasing Adoption Through Accessibility Visa also shared this week that it plans on partnering with 50 different cryptocurrency platforms to allow ease […]