Bitpanda Launches Debit Card That Lets Users Spend Fiat, Crypto and Precious Metals
Users can select any investment in their Bitpanda account to fund payments with the physical Visa card.
Bitpanda, a digital investment platform, has launched a Visa debit card that allows customers to switch among multiple assets such as cryptocurrencies, fiat currencies and precious metals to fund payments.
- Calling the card a world first, the Vienna, Austria-based firm said Wednesday the Bitpanda Card can be linked to any asset in a user's portfolio on the platform, which can be selected via the company's app.
- “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," said Eric Demuth, Bitpanda co-founder and CEO.
- The Visa-branded physical card allows users to shop online and in stores globally. Payments can also be contactless using Google Pay and Samsung Pay.
- Transactions are processed instantly and real-time push notifications are sent to users when the card is used, the firm said.
- Bitpanda customers residing in the European Union can now apply for the card.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.