Wirex, a digital cryptocurrency wallet and platform, has recently announced that their prepaid Visa Debit Cards will soon be launched in the U.S. The Wirex crypto cards will allow US-based customers to top up their cards with USD by using Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and XRP.
The official announcement by Wirex was made on Twitter.
🇺🇸 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.
👇https://t.co/Rthxj0Q4cj— Wirex (@wirexapp) October 22, 2018
Benefits of Wirex Cards
This development is made possible via Wirex’s partnership with i2c, a payments processing solution developer.
The Wirex card will be accepted at any merchant that accepts Visa or MasterCard such as various stores, bars, restaurants and online stores. Also, users will even be allowed to withdraw USD from ATMs.
The Wirex cards present an easier and more convenient way to spending your crypto, and the benefits are plentiful.
The team at Wirex further explains the many benefits:
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 Problem Wirex Aims to Solve
Cryptocurrencies provide a wide array of benefits and advantages over traditional means of payment.
Take for example, near instant money transfers, peer-to-peer transactions, low transaction costs, and anonymity. However, until mass adoption occurs and merchants everywhere start accepting cryptos, it is rather difficult to spend them.
Wirex Cards, on the other hand, are very easy and convenient to use. They aim to solve this crypto spending problem by allowing cryptocurrency users to spend their crypto in the same way they use a Visa or debit card.
In doing this, Wirex could help pave the way to mass adoption by successfully integrating with the traditional financial system.
Would You Use A Wirex Card?
In most cases, there are only 2 ways to spend your crypto.
You must either find a merchant who accepts cryptocurrency as a viable form of payment. Or exchange your crypto at a cryptocurrency exchange for US dollars (USD) or another form of fiat currency.
While the first method is ideal, merchants accepting crypto are few and far between. As for the second option, it’s tedious, inconvenient, and sometimes costly.
Therefore, Wirex Cards may provide a clear advantage over other methods of transacting and spending cryptocurrency.
The launch date for Wirex Cards is yet to be announced, so keep an eye out!
With regards to the cryptocurrency spending methods mentioned above, which method would you prefer? Do you think the launch of Wirex Cards will help spread mass adoption of crypto? Let us know in the comments below.
