Crypto, Fiat, & Gold On One Card; BitPanda Poised to Issue Its New Multi-Currency Card
Renowned digital asset broker BitPanda is bringing its online marketplace for Crypto, fiat, and precious metals to the world of payments. This week, the company announced that it would be taking pre-orders for its brand new Visa debit card.
Much akin to its platform, users will store and make payments using their stored fiat, cryptocurrencies, or precious metals. It's made possible by linking the card directly to a customer's online portfolio, allowing the user to easily select which asset they'd like to pay with via their mobile app. Once any transaction is made using the card, users receive a real-time notification from their app that the payment was approved.
A great deal of the thinking behind launching its own debit card stemmed from providing users with more autonomy over their investments, allowing them to put their assets into action, according to BitPanda CEO & Co-Founder Eric Demuth.
“We wanted to build a product that is missing in the market by asking ourselves why it wasn't possible to spend your investments at any time you want. We answered this question with the Bitpanda Card, allowing users to spend any of their assets, be that with crypto, metals, or fiat, as they please. No topping up is required. Everything that holds value should be treated equally and should be possible to use as you wish. The arrival of the Bitpanda Card comes when cryptocurrencies and digital assets are moving into the public eye faster than ever. This is the missing piece of the puzzle in the world of digital finance.”
To qualify and pre-order a BitPanda debit card, users will have to:
- Have a verified Bitpanda account.
- Be a resident in a country in the euro area. These are countries that have adopted the euro as their primary currency.
- Hold a total sum of at least €100 on your Bitpanda account in any of the digital assets offered on our platform.
While customers can enjoy making payments with no chargeback fees and monthly fees, there are additional costs for transactions made outside of the EU and withdrawing from an ATM.
Premium (or BEST VIP) members can also benefit from 2% cashback on Bitcoin.