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Top Cryptocurrency Payment Apps That You Should Know

Top Cryptocurrency Payment Apps That You Should Know

Are you a crypto enthusiast? Want to perform crypto transactions using a user-friendly payment app? Want to know which are the best options that are available? This article has got you covered. 

Table of Contents 

  • What is Crypto Payment App?
  • Best Crypto Payment Apps of 2021 
  • Apple Pay To Be Used to Spend Bitcoin: Recent Announcement 
  • Concluding Lines 

What is Crypto Payment App?

Cryptocurrency payment Apps allow businesses and individuals to accept cryptocurrencies from any country as a form of transactional payment from clients and other participating parties customers in exchange for goods or services. The main purpose of such apps is to promote the widespread adoption of varieties of cryptocurrencies.

Since cryptocurrencies are backed by Blockchain technology, they facilitate easy and confidential transactions and, most importantly, eliminates banking fees.

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Best Crypto Payment Apps of 2021 

Let’s explore some of the top-rated crypto payment apps of 2021.

If you want to take control of your crypto, turn crypto into dollars, leverage multi-sig security, and manage funds across platforms, go for Bitpay. It is known to be one of the world’s largest providers of Bitcoin and cryptocurrency payment services. It helps you manage and secure your funds with multi-signature and key encryption. Moreover, one can also keep track of their funds by receiving prompt email and push notifications related to payments, transfers, and proposals and spend all around the world. 

The BitPay Wallet app supports various cryptocurrencies such as Ether, Bitcoin Cash and many dollar-pegged stable coins. 

eToro is one of the leading trading platforms that is home to around 12 million traders across the globe. One can invest in a wide category of digital assets on this platform without spending any markups, ticketing, or management fees. Moreover, there are no restrictions on trading volume as well. 

Cryptopay is another popular platform that enables individuals to easily access cryptocurrencies across countries. With Cryptopay, one can buy BTC, ETH, LTC, and XRP with their credit card or debit card and enjoy the economical rates and flat fees. Talking about crypto transaction fees, it’s just charge 1% for the currency exchange. 

  • Coinbase 

Coinbase provides the easiest way for users to buy, sell, and manage their cryptocurrency portfolio. It offers a variety of advanced features that make it the ideal platform to start trading for beginners and experts as well. It allows android users and iOS users as well to keep track of cryptocurrencies and manage their assets securely. It also allows individuals to store their funds in a vault with time-delayed withdrawals.

  • Electroneum 

This is a unique, UK-based cryptocurrency app that is centered on empowering people to offer a mobile-first payment solution. Due to its popularity, it now has more than millions of users around the globe. 

Electroneum (ETN) is helping all those who have no visa, no MasterCard, no PayPal, etc., to pay for goods and services, both in-store and online. Electroneum app lets anyone hold and transfer value in terms of ETN immediately at a minimal cost. 

Apple Pay To Be Used to Spend Bitcoin: Recent Announcement 

According to the recent announcement, Apple Pay can now be used to spend Bitcoin. The news statements read that the US cardholders of the BitPay Prepaid Mastercard can add their card to Apple Wallet and spend in stores, in apps, and online through Apple Pay. 

As BitPay continues to improve its global blockchain solutions to make paying with cryptocurrencies faster and safer, apart from Apple Pay, Bitpay also plans to add support for Google Pay and Samsung Pay by the end of next month. Bitpay intends to empower customers to manage and spend Bitcoin and also turn it into dollars and pay with the BitPay Card.

Please note that these are not the only crypto apps. There are many others, and we have just listed a few of them. 

Concluding Lines 

Have you used any of these crypto payment apps? Which, according to you, is the best one? Let us know in the comment section below. 

If you want to familiarize yourself with the ins and outs of Cryptocurrency trading right from scratch, you can get enrolled in one of the Cryptocurrency certification programs and become a Certified Cryptocurrency Trader. 

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council. 

Top Cryptocurrency Payment Apps That You Should Know

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Digital Subscribers on TIME Magazine can now pay with crypto

TIME magazine has allowed its subscribers to make payments using their crypto assets. This move will be possible after its partnership with cryptp.com.

TIME Magazine has collaborated with crypto.com in a bid to start accepting payments in crypto. Crypto.com is a popular digital currency platform whose users will now use their crypto holdings to pay for their subscriptions to TIME Magazine. Users can now make a one-time payment for the 18-month digital subscription for the magazine.

To motivate its users to adopt this new payment option, TIME Magazine will issue 10% cashback to users who use crypto.com to make a purchase. TIME Magazine’s subscription goes for $49. However, this payment option is only available to users in Canada, and the U.S. Global access is expected to commence in July this year.

TIME Magazine leading in Crypto Adoption

A statement issued by the company’s president, Keith Grossman, stated that through its partnership with crypto.com, they would be a step ahead in embracing innovation. It will also help its growing community of subscribers to become part of the change. This magazine has at least 2.3 million subscribers who will now have access to an alternative payment method.

The chief technology officer for the magazine, Bharat Krish, stated that using cryptocurrencies in payments would boost the company’s digital transformation. It will also show how the company embraces technology to create innovative products and services for its community.

New Report Claims Barriers to Institutional Crypto Adoption Decreasing

TIME Magazine has been very adaptive towards crypto. Recently, the company collaborated with Grayscale and accepted payments in Bitcoin. It also stated that for the first time, the firm would hold Bitcoin in its balance sheet. The magazine also offered three nonfungible token covers on their design titled ‘Is God Dead?’

Crypto.com paving the way for crypto payments

Crypto.com is one of the leading platforms enabling payments using digital currencies. Users on this platform even benefit from incredible discounts by using the native CRO token. Besides, the firm issued cash backs to users who recharge their Visa cards using the CRO token.

Crypto adoption has been rising, and TIME Magazine is among the leading publications heading this adoption. Many institutions are now accepting Bitcoin and other cryptocurrencies as a form of payment. This adoption has positively impacted cryptocurrencies’ value, and traditional investors are now changing their stand on the crypto market. Besides, cryptocurrency adoption also gives investors a way to derive value from their crypto holdings.

Digital Subscribers on TIME Magazine can now pay with crypto

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Best Bitcoin Debit Cards to Use in 2021

Best Bitcoin Debit Cards to Use in 2021

Wondering what the most popular Bitcoin debit cards available in 2021? This article talks about the top Bitcoin debit cards that can let you spend cryptocurrency. 

Table of Contents 

  • What are Bitcoin Debit Cards?
  • Popular Bitcoin Debit Cards You Should Know 
  • Concluding Lines 

What are Bitcoin Debit Cards?

Bitcoin is now over 12 years old, and since then, it has seen several ups and downs. Although its journey has been tough throughout, the digital currency continues to remain under the limelight, reaching an all-time high of over $60K. Despite such price rise, the prospect of buying digital assets remains daunting, especially for beginners. But yes, the introduction and availability of user-friendly crypto debit cards simplify the process to a large extent. 

Bitcoin debit cards allow people to spend money anywhere debit cards are accepted. Such cards aim to transform financial services while introducing major improvements in transaction speed, security, and privacy. 

Instead of exchanging BTCs into local currencies, debit cardholders preload their card with a set amount of cryptocurrency, which is automatically converted at the purchase time.   

Want to become a Certified Blockchain Expert? Get started today with Bitcoin Certification with Blockchain Council.

Popular Bitcoin Debit Cards You Should Know 

Coinbase 

Introduced back in 2012, Coinbase is one of the leading mainstream cryptocurrency exchanges all across the globe. Launched by the same name, the Coinbase Card allows cardholders to spend digital cryptocurrency anywhere where Visa is accepted. Users can use this card to make online and in-store payments and also for ATM withdrawals.

This debit card supports several currencies, including the three most popular cryptocurrencies Bitcoin, Ethereum, and Litecoin. The card automatically converts your favored digital currency in your Coinbase wallet on-demand, so users don’t need to keep a fiat currency balance in their account. One of the major benefits of using this card is that it offers several security features, such as a mobile wallet app, two-factor identification, immediate card freeze, spending tracking, etc. 

Here it is important to note that if you want to get started with this debit card, all you have to do is to make a Coinbase account. The only drawback associated with this is that it charges excessive fees. 

Wirex

Based in the U.K. with offices in North America, Asia, and Eastern Europe, the multi-currency Visa card makes spending your crypto a breeze. It allows users to switch between digital assets and fiat currency at OTC and interbank rates. The card supports 19 cryptocurrencies and nearly a dozen fiat currencies. The best part is that cardholders pay no issuance, monthly, or withdrawal fees, and just a 1% fee to fund accounts with digital currencies. 

If you want to avail the best benefits of this card, all you have to do is to maintain a balance of staked native tokens called ‘WXT.’ It is known for being user-friendly, its real-time point of sale conversions, fee-less exchanges, and most excitingly allowing approximately 1.5% bitcoin rewards on all purchases. 

Binance 

Similar to the Coinbase debit card, the Binance Card holds digital currency in the user’s wallet and converts when needed at the time of purchase. All you have to do is simply top-up your card with funds in Bitcoin or BNB through the Binance Card App. Such debit cards can be used in-store, and for making online purchases anywhere, Visa is accepted. It is user-friendly and is as simple as transferring BNB from one wallet to the other. The debit card will then use this Balance for your card payments and deduct all expenses whenever payment occurs, making the process much simpler. The only drawback with this card is that it is restricted only in the region of Europe, and you need to maintain balance in Binance’s cryptocurrency for cashback rewards. The major benefits of using this card include:

  • Upto 8% cashback
  • No monthly fees
  • Free Card
  • Convert crypto on demand

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BitPay

This card supports six major cryptocurrencies, including Bitcoin and Ethereum, along with eight diverse fiat currencies and is available in almost 50 states. Like other cards, this card can also be used anywhere MasterCard is accepted and withdraw cash from MasterCard-supported ATMs. The best part about this card is that it charges no transaction fees for purchases made within the U.S. but does charge upto 3% to cardholders traveling abroad. In addition, another advantage is that it charges no conversion fee to load the card; however, miner fees may apply. It has higher transaction and balances limits, allowing people to load or spend up to $10,000 in a day. The major drawbacks with this card are that it demands a $10 card issue fee, 3% foreign transaction fee, and demands monthly inactivity fee after 90 days. 

Want to gain all the ins and outs of cryptocurrencies and become a Certified Cryptocurrency Trader? Enroll in Blockchain Council now!

Concluding Lines 

Bitcoin debit cards create a seamless transition from cryptocurrency conversion to purchase or withdrawal and come with several security features such as two-factor authentication, biometric scanning, and mobile codes. Apart from the cards mentioned above, there are several other options available such as BlockCard, BlockFi, Nexo Card, and many others, each having its own perks and drawbacks. 

With so many choices available, which do you prefer? Let us know in the comment section below. 

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council. 

Best Bitcoin Debit Cards to Use in 2021

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Cryptocurrency Exchange Coinbase is Permitting Traders and Investors to Purchase Stocks

According to the latest announcement, Coinbase, an American cryptocurrency exchange platform, is all set to go live within two weeks, allowing investors and traders to purchase stocks in the trading platform. 

An official announcement states that Coinbase’s stock will begin trading on the Nasdaq Global Select Market under the ticker symbol COIN on April 14, 2021.

Founded in 2012, Coinbase is a leading U.S.-based cryptocurrency exchange that operates remote-first without an official physical headquarters. It has a strong presence in the cryptocurrency market. The company aims to build the crypto economy to establish a transparent financial system enabled by cryptocurrency assets.

Initially, last year in December 2020, a leading crypto exchange platform announced that it is going public. Brian Armstrong expressed concerns about Bitcoin trading at that time, and despite that, Armstrong appears confident that whatever bitcoin is incurring, it is likely the start of something big.

After deciding to go live, the crypto exchange filed Form S-1 with the Securities and Exchange Commission (SEC). As things are now going in the right direction, one can only conclude that the exchange passed the financial agency’s approval procedure, which is applied to all firms requesting public trade options.

As a part of this announcement, Armstrong commented that we are committed to bringing the potential of crypto to everyone. He further stated that we would continue to strive to provide customers with the highest levels of security, trust, and transparency during times of intense demand. 

The Period of Extreme Demand Has Truly Arrived, Says Armstrong

In December 2020, when Armstrong announced that Coinbase plans to go public, he noted that all have to believe that we are still in the initial stages and that there’s a lot more to come. Now, as Bitcoin is trading for more than $59,000 per unit, it seems like Armstrong’s statement has truly arrived. 

Many major companies, including Tesla, Mastercard, Bank of New York Mellon Corp., Visa, and others, are showing interest in crypto space and allowing crypto payments for goods and services. Tesla announced that people can now buy a Tesla with bitcoin in the U.S. Similarly, Bank of New York Mellon Corp., according to the announcements, is also investing in a cryptocurrency startup named Fireblocks to embrace digital assets. Visa, a major credit card provider, also announced that it is collaborating with cryptocurrency exchange platform and card issuer Crypto.com to facilitate a crypto settlement system for fiat transactions. 

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council. 

Cryptocurrency Exchange Coinbase is Permitting Traders and Investors to Purchase Stocks

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Visa Testing Crypto-Based Transaction Settlement Systems

The COVID-19 pandemic has done quite a number on the world’s economy, one many parts of society have yet to recover from. The blockchain industry, however, managed to get severely crippled by it and recover to brand new all-time highs directly after. One of the crypto space in general’s key wins, particularly Bitcoin’s was a new frenzy of positive sentiments regarding both companies and institutions, as both started to make heavy investments by the millions of USD into the space.

Visa Seeing Crypto Demand

Many nations tried to counteract the damage of the economic downfall by printing money. They did so by way of various stimulus packages. This, alongside the fears of inflation and the budding NFT space, has growth be the prime idea behind the crypto space at large. The industry itself is growing and people hold fears that the fiat space is weakening. Many a company has now incorporated crypto services into its offering, with Visa being one of the more prominent ones.

Guy Sheffield stands as the Head of Crypto at Visa, and gave a public statement to Reuters about the matter. He highlighted that the demand to hold, use, and otherwise access digital currencies have increased by the company’s customers. Thus, Visa’s clients are demanding products to help provide access to these things for the consumer.

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Innovating With The Times

Visa is aiming big, making an announcement on Monday. This announcement revealed that it will allow for crypto-based payment settlements in the future, having partnered with the Anchorage crypto bank and the Crypto.com exchange platform for the pilot as a whole. Users of Crypto.com boasting a prepaid Visa card from said exchange will be capable of paying for goods through it. All they need to do is top it up with their respective crypto balances.

Prior to this move, any sort of settlement like this would involve Crypto.com wiring fiat currency to Visa at the end of each day in order to settle any processed transactions of that day. This pilot, however, will see Visa using USD Coin (USDC) in order to settle transactions. USDC is a stablecoin pegged 1:1 on the USD, making every USDC worth one USD proper.

Through this action, Visa has chosen the Ethereum blockchain to settle its various transactions and completely removing the fiat part of these crypto settlements. This, in turn, means that Crypto.com will now make use of USDC in order to settle transactions.

Plans To Expand

This new settlement service will allow Visa to significantly speed up the speed at which settlements are made, at the same time significantly decreasing its cost. As it stands now, the exact scope and volume of the pilot program between Visa and Crypto.com is unclear, but Visa made it clear that it plans to extend this offering to other partners, as well.

Visa Testing Crypto-Based Transaction Settlement Systems

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