A new crypto card in town: Blockchain.com signs with VISA

Crypto adoption thanks to CB – Crypto cards are taking over our daily payments. after’announcement ofand FTX at the beginning of October it is the turn of the exchange Blockchain.com to hang out with VISA to propose his own cthe art of crypto banking… to the delight of the platform’s 37 million users. Let’s get to the bottom of it!

Peter SmithCEO of Blockchain.com, a gradual change in investor behavior is observed. During this slow and boring phase of the bear market, users abandon trading in favor of Challenges. Being able to use your cryptos in everyday life has become the buzzword. In this light, Blockchain.com’s proposal makes perfect sense. And this enthusiasm is confirmed through the plebiscite of users.

“We have opened a white list [pour obtenir cette carte bancaire crypto] for a very short period of time. And we had, despite everything, close to 50,000 registrations. »

declaration by Peter Smith

Blockchain.com Unveils Its Crypto Bank Card – Source: Twitter

This new one free credit card will allow its holders to use their cryptos, but also their dollars or euros present on Blockchain.com, for their daily expenses. All this without charge and recovery at the top of the market a 1% cash back in their purchases. This model, already applied by Binance typicallyit’s all the rage among users.

This card is already available in the US and will be launched in European Union countries in early 2023.

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The rise of digitization paves the way for crypto adoption

“As investors dive into the crypto universe, […] they are becoming more and more willing to spend their cryptos on a daily basis. However, at the moment, it is still relatively complicated, it is still difficult and slow to connect the crypto world and the traditional banking system. »

Peter Smith

According to him, having one crypto bank card it is the ideal gateway. This allows you to stay within the crypto ecosystem while still being able to do your daily spending within the more traditional world. As a reminder, Blockchain.com bank cards are issued by the payment specialist Marquetaheadquartered in California.

A report from Marqeta, a payments company, shows that consumers are increasingly turning to digital and crypto.
Data from Marqeta shows a change in consumer behavior – Source: Twitter

of report 2022 from Marqueta on “Consumer monetary behavior” has also provided very important data on this topic. According to this, 71% of US consumers used a mobile wallet last year. 56% of them say that they are satisfied with the idea of ​​receiving only their own phone for shopping. And 38% hold cryptocurrency. It should be noted that the panel surveyed consisted of 4,000 people, including 2,000 in the US.

Undoubtedly, yes mobile payments must be intensified in the coming years as our societies digitize. A trend that could strengthenadoption of cryptocurrencies. In this sense, crypto-cards, mostly free and offering cashback to their holders, are revolutionizing the sector. Although the general public has not yet fully grasped it, it is a small revolution that may harm our old banks, but not offer us such advantages.

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