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RE: Curious why Bitcoin rallied close to 10% today? Think Square and a Visa Bitcoin debit card...
The debit card with which you can spend crypto is already here though.. there are multiple parties that offer it. Although they are not very mainstream companies (yet)
TenX is (so far) the only crypto credit card that I know of. In other words, not a pre-paid card.
Yes, not sure about the specifics of those though, IE can they be spent anywhere? This was from the release:
"Other firms have attempted to launch bitcoin-based cards but LBX is the first to convert the cryptocurrency to pounds, and has been provisionally approved by the Financial Conduct Authority, the UK's financial regulator. It has received £2m in funding and is chaired by Adam Bryant, a long-time Credit Suisse banker who ran the Swiss bank's macro hedge fund team."
TenX can be spent anywhere where a Visa card can be spent, AFAIK. But they have had some issues and were unable to service anybody outside of the EU for a while, that may be fixed now but I'm not sure. The main advantage of TenX is that you load crypto in it and it STAYS crypto until you spend it. Aka if Bitcoin goes up you didn't miss out.
There are many other debet cards for crypto, but most of them involve you pre-loading it with Bitcoin (or whatever) and then it deposits the worth of dollars onto the card of the time when you deposited it.
Do you perhaps know what's the difference between TenX, Xapo and Monaco?
Not really, except that TenX was ahead of the competition. I got out of TenX when I did the math and realized it was overvalued.