Bitpanda Launches Debit Card That Lets Users Spend Fiat, Crypto and Precious Metals
Bitpanda, a digital investment platform, has launched a Visa debit card that allows customers to switch among multiple assets such as cryptocurrencies, fiat currencies and precious metals to fund payments.
- Calling the card a world first, the Vienna, Austria-based firm said Wednesday the Bitpanda Card can be linked to any asset in a user's portfolio on the platform, which can be selected via the company's app.
- “We wanted to build a product that is missing in the market by asking ourselves why it wasn’t possible to spend your investments at any time you want," said Eric Demuth, Bitpanda co-founder and CEO.
- The Visa-branded physical card allows users to shop online and in stores globally. Payments can also be contactless using Google Pay and Samsung Pay.
- Transactions are processed instantly and real-time push notifications are sent to users when the card is used, the firm said.
- Bitpanda customers residing in the European Union can now apply for the card.
Read more: Crypto Exchange Bitpanda to Double Workforce With €10M Tech Hub Launch
Disclosure
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.