Crypto funded debit cards have been on every crypto enthusiast’s Christmas list. The Holiday season are only weeks away and residents of the United States might get an early present in the form of Wirex Debit Cards. The card service will allow US-based Wirex users, to top up their cards with USD using the big 4 cryptocurrencies of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and XRP. The exact date of the launch has not been given by the team at Wirex, but with this announcement, it is a confirmation of the future availability of the cards in the country.
The announcement by the firm with over 1.8 Million global customers in over 130 countries was made via twitter as follows:
We will soon be launching Wirex prepaid cards in the USA! For the first time, US-based Wirex users will be able to instantly buy and convert
#XRP #BTC #LTC #ETH into USD – letting you spend your digital tokens seamlessly in everyday life.
The full tweet can be found below.
How it Came to Happen
The announcement on the Wirex website went on to explain that the availability of card services in the United States was made possible courtesy of i2c Inc which is a payments processing company and sponsor of the ongoing Money 20/20 event in Las Vegas.
The team at Wirex further explained how this will benefit residents of the United States:
Simply put, Wirex users in the US will be able to take control of their digital and traditional currencies on a single, open platform. That means buying, storing and converting XRP, BTC, LTC and ETH in-app or on a browser, whilst enjoying world-class exchange rates and zero hidden fees.
Users will be able to spend their converted crypto using the Wirex prepaid card – the world’s most powerful, crypto-enabled card, and the only one that generates Cryptoback™ (0.5% in BTC) on all in-store purchases.
The Debit Cards Will Lead towards Further Crypto Adoption
One of the hurdles many crypto investors face, is the use of their crypto holdings in regular purchases of goods and services. Many usually opt to cash out into a credit card via Coinbase or other exchanges that support this function. With the Wirex card, crypto hodlers will have an easier avenue of converting their crypto into usable funds.
What are your thoughts on the Wirex card making its debut in America? Do you believe it will result in mass adoption of crypto? Please let us know in the comment section below.
Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.