When it came to the market, a crypto debit card seemed like a solution to a short-term problem. It was supposed to be a mechanism through which crypto enthusiasts could spend their crypto in mainstream stores (online and brick-and-mortar) as they waited for the mainstream to catch up.
While Bitcoin was proving to be an effective form of money, most mainstream merchants could not accept it as payment for goods and services. The reasons were many and included the digital currency not being clearly defined in the law, lack of awareness, and lack of technical know-how.
With a crypto debit card, it became possible that one could travel and make all their payments from their crypto wallet. The card provider could take care of the conversion into the fiat currency that the merchant preferred.
In 2023, still many merchants have not embraced Bitcoin as a payment they accept for their goods and services. Indeed, the crypto debit card is still a solution you may need, especially as you travel the world.
Why you may still need a crypto debit card
The following are some of the reasons you may need a crypto debit card in 2023:
It allows you to travel without worrying about converting your currency. You just need to have your card and know you can easily get goods and services wherever you go.
Some of the crypto debit cards offer better services than mainstream payment cards. For example, you are likely to get higher limits when you use some of the crypto debit cards than you would while using other cards.
Crypto debit cards are moving beyond being just tools for payments. Some are putting more effort into the design as well as the material the physical cards are made of and therefore turn out to become fashion statements. For example, ClubSwan delivers high-quality metal cards with customized designs meant to make you stand out from the crowd.
Besides being a tool that enables you to spend your crypto anywhere and also a means of expressing your taste, some crypto debit cards come with luxury concierge services. This includes taking care of your travel and also organizing your attendance at high-level events around the globe.
The crypto debit card can be the easiest-to-use on-ramp and off-ramp platforms for you. You can use it to shop, but you can also use it to access funds in your wallet through ATMs. You can also use the card to acquire, accumulate, and HODL more digital assets. That is especially with those who can offer high payment limits.
It is clear that innovation on a crypto debit card is an ongoing process. That means that we are just witnessing the beginning of what the crypto debit card could become. There is a likelihood of it merging with the emerging NFT marketplaces.