Usually, when people think about cryptocurrency, it’s on hard drives, cell phones or third-party exchanges. But, cryptocurrency debit cards have long been an exciting frontier for crypto-enthusiasts.
The large San Francisco-based exchange, Coinbase, has offered a debit card, the Shift Payment Card, which allows users to gain access to their cryptocurrency just like their bank accounts. But, the largest cryptocurrency exchange is hardly alone in offering such a service.
Wirex has offered their cryptocurrency payment cards since 2014.
Wirex cryptocurrency wallets, which are connected to physical and virtual Visa and Mastercard debit cards, have served more than 900,000 customers in more than 130 countries as of 2017. They oversaw $1 billion of transactions volume in 2017.
Wirex even boasts ultra-low cost instant payments globally and multi-currency payment solutions thanks to its partnership with W-Pay.
Wirex recently announced Litecoin integration for its debit cards, which means individuals can now use a payments-oriented, widely adopted cryptocurrency at millions of merchants worldwide.
“I use Wirex’s cryptocurrency debit card quite regularly actually,” Joseph Reinke told GoldSilverBitcoin. “I have used other cards before. They are very convenient, and it allows you to hedge cryptocurrency holdings based on your everyday spending.” Mr. Reinke welcomes the incorporation of Litecoin on Wirex.
“With Litecoin, we have a cryptocurrency that was actually designed for payments,” he said. “While it does work using Bitcoin with a card, Bitcoin is like digital gold. That is what everyone would say in the early days of crypto. When Litecoin came around, it was instantly dubbed the silver, and silver historically was used more than gold for payments.”
Mr. Reinke is mostly surprised it took so long for a company like Wirex to incorporate Litecoin.
“It’s not easy to just offer this kind of service for a new cryptocurrency, but it makes sense from a technical aspect and I plan on using Litecoin to pay for more items than Bitcoin on the Wirex platform, just because of the payment component.”