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The Australian startup CryptoSpend, together with the Visa payment system, will issue debit cards that support the possibility of conducting cryptocurrency transactions. The cards, which will be issued in September 2021 by a contractor represented by Novatti, will be linked to CryptoSpend electronic wallets. BitGo custodian, licensed by the New York Financial Services Authority, will take over the security of storing crypto assets.
CryptoSpend developers managed to implement the function of instant conversion of cryptocurrency to fiat thanks to a partnership with the NPPA platform, operating with the support of the Australian Reserve Bank. Previously, Visa has already concluded a similar agreement with a crypto company Crypto.com However, the representatives of the payment system did not announce the terms of issuing debit cards. It is only known that the amount of transactions carried out by the owners of Visa cryptocurrency cards since the beginning of 2021 has exceeded $1 billion. Undoubtedly, this is great news, giving confidence in the development of the cryptocurrency industry in the world, and increasing its commercial potential. We strongly welcome these innovations, as our income directly depends on them. Do you want to earn money on cryptocurrency mining? It's easy! deposit in Mining.online, and manage a decent passive income today! All images are copyright© to their respective owners
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