Paxful launches crypto debit card for U.S. users

Paxful launches crypto debit card for U.S. users
HeadlinesNewsPaxful launches crypto debit card for U.S. users

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Paxful launches crypto debit card for U.S. users

The Block5 months ago
Published on November 02, 2020 03:04 GMT+0edited on November 02, 2020 03:07 GMT+0

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Peer-to-peer cryptocurrency marketplace Paxful has launched a Visa debit card for U.S. users.

The card, the product of a collaboration with fintech startup Ternio, will let users convert cryptocurrencies to dollars to make purchases, open a checking account, and withdraw funds from “any ATM worldwide,” according to an announcement post.

The card, which Paxful and Ternio are pitching as a way for “unbanked” or “underbanked” people to gain access to traditional financial services, can be used at over 45 million merchants and ATMs, the companies said. It will have a minimum balance of $10. 

“Whether looking to invest in education, start a business, or simply manage the financial demands of everyday life, there should be a viable option for everyone across the globe,” Paxful CEO Ray …