Three news about crypto cards
Two years ago, the main payment systems declared their interest in cryptocurrency. Which of them really created access for users during this time?
1. VISA and 100 million sellers in the world
Recently, the VISA (https://www.cnbc.com/2022/01/28/visa-says-crypto-linked-card-usage-hit-2point5-billion-in-its-first-quarter.html) payment company published a profit report for the first quarter of 2022. In it, representatives stated that "customers made $2.5 billion in payments with its crypto-linked cards.” In comparison, for the first six months of 2021, this profit was 2.5 times less.
The network of VISA partners with cryptocurrency wallets currently exceeds 65, including Coinbase, Circle and BlockFi. The number of sellers accepting cryptocurrency as payment has grown to almost 100 million worldwide.
"Consumers see utility in having a Visa card linked to an account at a crypto platform. There’s value in being able to access that liquidity, to fund purchases and manage expenses, and to do so instantly and seamlessly.",
CFO Visa Vasant Prabhu.
At the same time, VISA does not plan to provide a service for storing cryptocurrency to users on their accounts.
2. PayPal and 4 cryptocurrencies
In the PayPal service (https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398), bank account customers can buy, store or sell 4 major cryptocurrencies. PayPal users, however, still cannot use cryptocurrency to pay or send money through the system. All services are available only to residents of the USA (except Hawaii).
3. MinePlex.Finance and MasterCard
In the near future, MinePlex will launch the first of its kind application MinePlex.Finance (Banking), where any user will be able to open their own bank account in euros, sterling pounds and PLEX tokens. The MinePlex crypto card will be linked to it.
The MinePlex crypto card will work on the basis of MasterCard, thanks to a partnership with Dzing Finance Ltd. This will give users all the advantages of a leading payment service and at the same time direct access to their own tokens.
"MinePlex provides absolutely new tools for the cryptocurrency market. This is an opportunity to devertify risks and manage your own assets in the way that only you need",
CFO MinePlex Fedor Bogorodsky
https://www.youtube.com/watch?v=X7DUxoM7TSc
Cryptocurrency as part of reality - now!