Crypto Payments Hit A Turning Point With Visa Card Use Up Over 500%
Visa-backed crypto cards recorded a sharp rise in consumer spending last year, with total net spend jumping 525% from January to December. According to data compiled from on-chain trackers, spending moved from $14.6 million in January to $91.3 million by the end of December. Related Reading: Crypto Money On The Move: $110 Billion Flees South […]
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Bitcoin payments processor BitPay has unveiled a new bitcoin debit card that will enable users to make payments at any Visa point-of-sale (POS) terminals and withdraw cash at Visa ATMs, anywhere across the United States. BitPay has launched its new BitPay Visa card, a debit card that will be available for users in all 50 of the United States. The payments provider also revealed that the bitcoin debit card can be loaded up to $10,000 per day in spendable funds with zero fees on bitcoin top-ups specifically. Notably, the BitPay card can also be reloaded with direct deposits from an employer.....
Visa has now partnered with more than 65 crypto platforms and exchanges. In addition, the payments giant revealed that crypto-linked card usage exceeded $2.5 billion in the first fiscal quarter, “which is already 70% of the payments volume for all of fiscal 2021.” Visa Outlines Crypto Strategy and Achievements Visa Inc. discussed its crypto strategy and achievements during the company’s earnings call Thursday. Visa CEO Al Kelly said: “Many current trends in payments, including … crypto, and wallets, are enabling new ways to pay. These represent....
Crypto firm Blockchain.com has announced the launch of a new crypto-centric pre-paid Visa card and so far, 50,000 users have registered for the waitlist signup. In addition to launching its crypto Visa card powered by the card issuing platform Marqeta, Blockchain.com Visa users will earn 1% back in crypto whenever they spend funds using the card. Blockchain.com Introduces Crypto Visa Card Blockchain.com is joining the likes of Crypto.com, Ripio, Bitso, Coinbase, Bitpay, Blockfi, and FTX by announcing the launch of a new crypto-loadable pre-paid Visa card. According to the announcement on....
Coinbase has introduced the first U. S. -issued bitcoin debit card, the Shift Card, in partnership with Shift Payments. The Shift Card is a Visa debit card that currently allows Coinbase users in 24 states to spend bitcoin both online and at physical points of sale at more than 38 million merchants worldwide. "Merchant adoption has come a long way over the past few years, but it's still difficult for people to make regular purchases with bitcoin," notes the Coinbase announcement. "Buying gas at a local gas station or groceries at a neighborhood grocery store with bitcoin has not been....
Blockchain.com, a renowned and trusted platform to buy, sell, and trade crypto, has recently announced its Visa debit card. The introduction of this debit card has been expected for quite some time now. The Blockchain.com Visa card has a huge waitlist of 50,000 people wanting to sign up. The card is already at its launch. […]