Crypto Debit Card Providers Are an Endangered Species

It’s hard finding a reliable way to spend your cryptocurrency. When BTC’s fees went sky high in 2017, many merchants were sent scurrying from the crypto arena and have yet to return. With the Lightning Network permanently six months away, and few established crypto payment gateways, crypto debit cards have become a popular means of converting to fiat. But due to the complexities of operating a crypto-fiat business while satisfying regulatory requirements, coupled with the whims of payment giants Visa and Mastercard, crypto debit card companies find themselves in a precarious profession.

Also read: Spain’s 2gether Unveils Crypto Debit Card, as Polispay Is Forced to Cancel Its Mastercard

Original source

Add comment

Please Sign in to be able to leave comments.