Issue of Dragoncard debit card - Visa
Just because you have a virtual wallet with digital money does not mean that you can easily use it. Transactions with cryptocurrency are a rather complex process. British startup London Block Exchange is changing the rules of the game by launching a Visa debit card to simplify the use of currency.
Cryptocurrency, be it Bitcoin or Ether, is one of the most popular developments of our time. They try to use an independent monetary unit as often as possible, from paying for coffee at conferences to purchasing real estate.
Debit card Dragoncard - Visa
Whether it will become dominant directly depends on its practicality. At the moment, any operations with digital money are quite cumbersome. But ordinary paper money can be stored on debit and credit cards and paid with almost no problems. What if we say that there are already cryptocurrency cards in the world?
Centra Card and Token Card can be used as debit cards to spend your hard-earned digital money. Soon, the startup London Block Exchange (LBX) will launch a Visa payment card, which will also help carry out transactions with cryptocurrency.
Dragoncard will allow its owners to convert Ether, Ripley, Moner and Litecoin into pounds at the time of purchase. This will be a giant leap for cryptocurrency in the UK as it will now be much easier to use.
According to Business Insider, the card will be released by the manufacturer Wavecrest. Along with it, LBX will present an application in which users will be able to exchange cryptocurrency at the company’s own rate. When a payer uses a Dragoncard at a favorite bakery, LBX will first credit the baker with pounds sterling and only then charge the digital equivalent from the cardholder's account.
The future of cryptocurrency
A few financial details. The Dragoncard will be released in December and will cost a whopping $26.33. LBX will receive a 0.5% commission on every transaction, even when you choose to exchange currency on their app. There is also a small fee for payment system services.
It is difficult to call the above facts disadvantages. Startups like LBX now have one mission - making cryptocurrency accessible and understandable.
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