What are cryptocurrency debit cards?

Spending Bitcoin, Ethereum and Litecoin can be pretty difficult in the real world. Why can't I pay for a cappuccino with my cryptocurrency?!It's sad but true that few shops and websites accept digital currency right now. There are several reasons for this. Retailers worry about exchange rates, find the technology too difficult to understand or think the demand for BTC transactions will be low.Fortunately, we can see how a new product is emerging that solves all these problems - providing new opportunities for avid crypto enthusiasts and helping companies introduce digital assets as a payment method. And what is this product? Cryptocurrency debit cards.What is a cryptocurrency debit card?Like a regular debit or credit card, cryptocurrency debit cards permit you to complete everyday transactions to buy btc with sepa; using  ETH, XRP, and other altcoins. You probably won't have to worry about whether the merchant will accept your physical card. Many of the products have been co-launched with Visa and Mastercard, meaning they can be used in millions of places.Here's how they work. First, you fund your cryptocurrency debit card with the digital currency of your choice, often through a mobile app or website. Then you can shop. Many cryptocurrency debit cards offer generous spending limits and low transaction fees.You finally buy your long-awaited cappuccino with your cryptocurrency debit card. Once the transaction is completed, the card provider will convert the digital currency into cash, which means that the coffee shop will receive your payment in fiat currency, such as USD, GBP, or EUR. What could be better?What's the point? Why not use my regular Visa card?Good question. The short answer is that you will probably get some exciting bonuses.For example, products focused on cryptocurrencies can protect you from adverse exchange rates when you travel outside your home country. With conventional Visa debit cards, you often pay sky-high conversion fees while on holiday as dollars in your bank account are converted into pounds and euros. With a cryptocurrency debit card, your Bitcoins act as a bridge to other fiat currencies, which means you save money.But there are benefits to having a cryptocurrency debit card, even if you don't travel that often:

• Traditional credit cards often charge all sorts of fees. You may have to pay an annual membership or fees when you make transactions at home and abroad. In general, life will be much cheaper for crypto debit card holders.
• You will be able to use your cryptocurrency debit cards for ATM withdrawals – and many products on the market also support Apple Pay, Google Pay, and Samsung Pay. Some cards offer rewards, such as airport lounge access or cashback on transactions, so it's worth taking a closer look to see which is right for you.
• These prepaid cards can also help promote financial inclusion as they can be set up without needing a bank account. Some products also offer a virtual card instead of a physical one, making them ideal for online shopping through PayPal and other e-commerce platforms.

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