Visa Allows People to Buy Goods Using Crypto Debit Cards? - Kakiforex.com - Financial Market Media No. 1 in the World Visa Allows People to Buy Goods Using Crypto Debit Cards? Visa Allows People to Buy Goods Using Crypto Debit Cards?

July 16, 2021

Visa Allows People to Buy Goods Using Crypto Debit Cards?

 Global payments giant Visa announced that they have approved a physical debit card that allows Australians to use their Bitcoin to shop or make payments in stores or even visit places of recreation.


This innovation will allow customers to make direct purchases with crypto without converting digital assets into fiat money. Based on the Australian Financial Review report, Australians will soon be able to spend their crypto through a new debit card developed by CryptoSpend. The Visa Company agreed to the effort after checking it in accordance with anti -money laundering regulations.


This is indirectly it is the first time for Aussies to use crypto on payment cards to make daily merchandise expenses as well as any transactions. Visa is expected to officially announce approval of the move this week.



According to reports, the debit card will be available in the market as early as September. It will be released by a global software technology provider - Novatti Group. In addition to Bitcoin, customers will have other options such as Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH)


Richard Voice - co -founder and COO of CryptoSpend - stated that the innovative card will benefit crypto owners.


A few weeks ago, payment technology company Visa reported that more than $ 1 billion was spent on crypto -related Visa cards. Visa CEO Alfred Kelly even noted that the company views Bitcoin and other crypto assets as ‘digital gold.’