Can Crypto Credit Cards Bridge the Two Financial Realms?35.39

To the dismay of decentralists, the relationship between traditional institutions and the crypto world has always been one-sided, with the former group consistently having the upper hand over the latter. However, with the arrival of crypto-backed debit and credit cards, some are claiming that the tables are poised to turn.

On Monday, Prague-based Changelly, a popular “instant” cryptocurrency exchange, recently revealed that entered a strategic partnership with Simplex, a global fintech payment processor, to offer fiat-to-crypto support for Ripple’s XRP. Now, users of the international platform will be able to purchase XRP with their credit card. This near-instant service doesn’t come cheap, however, as the two partners reportedly charge 10% per fiat transaction — essentially an arm and a leg.

Original source
https://www.newsbtc.com/2018/10/25/can-crypto-credit-cards-bridge-the-two-financial-realms/

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