We all know the real reason crypto is still such a niche asset: Merchants don’t accept it, at least not at scale.
Crydit unveils a debit card with a familiar look but backed with the value of the blockchain–and the merchants won’t even know
Blockchain-based payment processor Crydit recently announced the launch of its first-of-a-kind Unlimited Crypto Card application. This could revolutionize the crypto payment industry by providing digital currency holders a free, secure, convenient payment experience.There’s a reason why “Unlimited” is part of the branding: It has no minimum and no maximum spend limit. Card users can buy anything from a cup of coffee to, according to Crydit, a Lamborghini.
Crydit ensures the best exchange rates available net of banking fees, based on European Central Bank’s public rate. This provides users full visibility into their transaction expenses.Using the card alone, you can make payments at any merchant accepting Mastercard, which Crydit is partnering with. In either case, the merchant doesn’t have to do anything – or even be aware that the debit came from a crypto wallet. Crydit’s fee, by the way, is a modest 1.5% of each transaction–much less than one experiences with conventional charge cards. There is neither an annual fee nor any other hidden fees.
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