The application of crypto on our day-to-day transaction is expanding at a considerable rate. Some of the projects have decided to fuel this trend of adoption by introducing bank and debit cards which will enable its user to spend their cryptocurrencies anywhere in the world just like you normally would with your traditional bank cards. This makes cryptocurrencies more than merely investments assets but actual currencies that could be used to purchase commodities on our day to day life. We have listed out a few top projects below that are currently spearheading the development in the aforementioned area. Let’s have a look.
Disclaimer: The purpose of this list is not to pick the ” best ” cryptocurrency. The fundamental purpose of this list is to encourage community engagement and intellectual debate among the supporters of different cryptocurrency projects. By bringing supporters of different projects together, we hope to unravel the actual value and sentiment of each project via civilized debates. p.s. Nothing in this article should be treated as financial advice.
Pluton is a digital token based on the ethereum blockchain technology which rewards users when they use the plutus application. This coin can be spent in any NFC-enabled store via its payment card. The card can be pre-funded with the PLU token and used for payments for any online purchase through the Tap and pay app or the debit card. It supports the PLU token, Bitcoin, Ethereum with possible expansion to other currencies in the near future.
Monaco was founded in 2016 but was rebranded as crypto.com and has existed for two years now. There is no minimum balance requirement and no monthly fees for a Monaco card account but there is an interbank exchange limit of $2,000 as well as a $200 limit on free ATM withdrawals. At the time of writing, Monaco is only available to customers located in Asia. However, they also have a waitlist open for European customers.
With a successful crowd sale where 70% of the token was sold, CRPT token is operated on Ethereum and developed according to ERC20 Token Standard. With the Crypterium App and Crypterium Virtual Debit Card ( that works with apple pay, android pay and samsung pay seamlessly ), you can now turn all your coins and tokens into funds that you can spend wherever and whenever you want.
- Ticker Symbol: CRPT
- Token Type: ERC20
- Website: https://crypterium.io/
- Whitepaper: Crypterium Whitepaper
The BonPay debit card is introduced by UK based company that aims at bridging digital currencies with fiat currencies to make spending cryptocurrencies quick and easy. The company also intends to make it effortless to pay for simple things like a cup of coffee and even larger transactions. The debit card can be used for online payment, in a shop over the counter, for withdrawing cash at ATM as well as to convert digital currencies to fiat.
LIFE is an Ethereum network compliant token with a unique selling proposition that one third of the LIFEtoken total supply is ringfenced for worldwide philanthropic causes. Lifelabs has also introduced a physical prepaid payment card that allows you to convert, transfer and spend your fund immediately and easily. The card currently supports Life, Bitcoin and Ethereum and allows you to pay for online payments or pay at anywhere with POS.
Based upon the ethereum platform, this virtual digital currency is set to change the way we spend crypto and shop online. The Altcoin debit card by Uquid currently supports Bitcoin, ethereum, Litecoin, Ripple, Dash, Monero and 84 other cryptocurrencies. It claimed to have facilitated over 11M transactions to date and delivered 51k+ Cards to 174 countries.
This Ethereum based project has completed their crowd sale and raised over 80 million dollars in 2017. The TenX debit card is claimed to be the first debit card that allows users to store money in cryptocurrency and supports some major coins like the Bitcoin, Dash, Ethereum, and is planning to make it available for other currencies. It allows you to spend cryptocurrency anywhere on the globe like how you normally would with your conventional debit card.