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 …