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While cryptocurrency cards are primarily issued by cryptocurrency exchanges, they function just like any traditional payment card and can be used for everyday purchases, similar to any other card issued by banks.
While cryptocurrency cards are primarily issued by cryptocurrency exchanges, they function just like any traditional payment card and can be used for everyday purchases, similar to any other card issued by banks.
When you make a purchase using your cryptocurrency card, the transactions are processed through any of the traditional payment processing networks, including Visa and MasterCard. This means that cryptocurrency cards are accepted wherever traditional payment cards are accepted.
Cryptocurrency cards automatically convert your crypto assets from your linked wallet into the necessary fiat currency for payment. This makes cryptocurrency cards particularly useful as you can use them for online purchases and at retail stores that may not necessarily accept cryptocurrency payments. It can also be used for cash withdrawals at supported ATMs, which can come in handy.
Both Visa and MasterCard offer cryptocurrency cards through partner companies that apply for a license to issue them. These two companies are the most widely used providers of payment services worldwide, ensuring that cryptocurrency cards are accepted by almost all retailers. Some crypto cards offer rewards in cryptocurrency specifically for money spent using the card. These cards are usually credit cards that require a credit check to sign up.
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