• Wed, 21 Aug 2019, 12:26 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypterium Prepaid Card Finally Available, Major Milestone In Crypto Payments

Crypterium.Zing Media Video Production Singapore/YouTube

Sun, 16 Jun 2019, 22:55 pm UTC

It would appear that Crypterium finally kept its word by launching the prepaid card that it has been promising clients for a long time. With the use of this card, it becomes much easier to pay for goods using a cryptocurrency that is normally used only when converted into fiat. This basically overcomes one of the biggest hurdles that prevent cryptocurrency from becoming more widely used.

Called the Crypterium Card, the Estonian crypto converter is making the unit available for pretty much anyone to use anywhere. This means that it does not have as much of the usual regional restrictions to such cards as others like the Coinbase Card, Coindesk reports. Even with this being the case, however, it is still worth expecting that there will be some limitations.

In a recent statement, Crypterium CEO Steven Parker explained the significance of this development for not only the cryptocurrency industry but for the global economy. The cards themselves will need to be shipped to the users, which can supposedly be done regardless of where they are.

“One of the major barriers to general crypto acceptance has been the fact that it is very difficult to spend cryptocurrency in the real world, and any solutions offered so far have been confined to specific countries or retailers,” Parker said. “But the beauty of cryptocurrencies is that they are designed to be borderless and global. The Crypterium Card lives up to this borderless, global ideal: anyone can apply for one and start using their cryptocurrencies to pay for things in everyday life. This has the potential to take off as quickly as NFC.”

While the card itself has already been tested by over 5,000 customers, this was mostly confined in Estonia. Cryptocurrency might have become more widely available than it was in the past, but this doesn’t mean that it is accepted everywhere. This goes double for countries that are struggling even with basic banking sectors.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,792.20 (-0.83%)
  • Ethereum (ETH) $196.95 (-2.56%)
  • XRP (XRP) $0.275100 (-2.26%)
  • Bitcoin Cash (BCH) $315.57 (-2.53%)
  • Litecoin (LTC) $75.29 (-2.16%)
  • Bitcoin (BTC) $10,792.20 (-0.83%)
Aug 20, 2019 (Tuesday)
14:02
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:14
HSBC inks agreement to tap Identitii’s blockchain-based information exchange platform ‘Overlay+’
11:59
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:29
Crypto Technicals: XRP/USD fails at 21-EMA, resumes weakness with 'Doji' formation
10:29
Israeli regulator seeks to expedite licensing procedures for fintech and blockchain firms
10:26
Crypto Technicals: Litecoin treads water below 200-DMA, bias bearish
09:26
bitFlyer teams up with Tpoint Japan to rollout bitcoin rewards program
09:03
Crypto exchange startup INX Limited eyes $129.5M IPO, marking the first SEC-registered security token sale
08:00
New York court denies Bitfinex, Tether's lack of jurisdiction claim
07:16
Crypto Technicals: BTG/USD recovery lacks traction, weakness likely to continue
07:15
Ethereum Foundation launches Korean version of its website, announces large-scale translation program
06:39
Crypto exchange BitMEX to block users in from Seychelles, Hong Kong, Bermuda
06:35
Cybersecurity veteran David Damato joins crypto exchange Gemini
05:42
Deloitte unveils demonstrational platform for blockchain solutions
05:36
Crypto Technicals: ETH/USD consolidates break above 200H SMA, potential 'Golden Cross' raises scope for upside
04:36
Crypto custodian BitGo poaches new Chief Revenue Officer from rival Xapo
03:50
97% of South Korean crypto exchanges on the verge of bankruptcy; blockchain startups now want to go overseas: Report
03:41
Philippines' central bank approves 2 new cryptocurrency exchanges
03:38
Association of Cryptocurrency Enterprises and Startups, Singapore rolls out new Code of Practice
Aug 19, 2019 (Monday)
13:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft