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Nairaland Forum / Nairaland / General / Business / How To Spend Stablecoins Without Any Issue Or Delay (113 Views)
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|How To Spend Stablecoins Without Any Issue Or Delay by GistsNaija247: 2:36pm On Jun 10, 2022|
One way to spend your stablecoin is to connect it to a debit card. This lets you spend it much like cash. The cards are issued by major credit card companies, including Visa and MasterCard. So wherever a Visa is accepted, you can spend your cryptocurrency. Different types of cryptocurrency have different cards available. And many of them are connected to specific cryptocurrency storage and marketplace options. So this is something to consider when deciding how to spend your cryptocurrency.
Crypto debit cards are the most convenient way to spend your crypto instead of HODLing it.
Cryptocurrency holders are probably familiar with this dilemma: you have crypto you want to spend, but it takes a lot of effort to get it to your credit card.
A crypto debit card solves this. It works like a normal debit card but is a much more convenient way of spending your crypto. Consider the steps you would usually have to go through if you want to spend your cryptocurrency:
-Send crypto from your hot wallet or cold wallet to your centralized exchange.
-Wait for the centralized exchange to wire you the money.
-Transfer the money to your current account.
It would be much easier to just be able to spend directly from your crypto balance, wouldn't it?
That is what crypto debit cards make possible. You spend from either your exchange account or a dedicated crypto account without jumping through hoops to withdraw your crypto.
Recently, one of the crypto exchange platforms - Bitmama launched its crypto cards. It comes in virtual and physical crypto card.
Bitmama virtual and physical crypto cards allow users to engage in online transactions on various platforms. Users can spend their cryptos with ease and flexibility by funding their crypto cards with USD from their USDT, USDC and cUSD wallets on Bitmama. To create a card, a user needs to have verified on all three(3) levels. You can also freeze a card. Once a card is frozen, you cannot use the card to purchase anything online.
Features and benefits of Bitmama Crypto Card
-The cards can be funded with stable coins – USDT, USDC, cUSD, so you spend crypto directly without first converting to fiat.
-Spend like a local globally with over $10,000 in monthly spending limits at the best rates
-The cards work on in-store payment options – POS terminals – and can be used to withdraw from ATMs anywhere in the world, the perfect travel buddy.
-The cards also work for online payments for platforms like Bolt, Uber, Spotify, GoDaddy, AWS, eBay, Asos, Facebook, among others. They can also be used to pay international suppliers very seamlessly.
-No minimum deposit is required to get a card. A new user who completes verification can request one.
-The card will be delivered to users anywhere in the world.
You can learn more about the crypto card here --- https://bitmama.io/crypto-card
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