Paxful Launches Cryptocurrency Debit Card in US and Mexico

P2P PAXFUL Platform launches Visa debit card in Mexico and the United States, allows you to pay for purchases with cryptocurrencies.

General Director and co -founder Paxful Ray Yusef (Ray Youssef) reported, that the launch of the card in the United States is implemented thanks to partnership with the BlockCard financial company. 

When making purchases, crypto assets will convert to American dollars. US citizens will be able to use the card in 45 million stores and withdraw cash at ATMs. Debit card will be available as in virtual, and in physical form, and her balance should be at least $10.

Also a few days ago information appeared, that Paxful is going to launch a debit card in Mexico, with the participation of the Spanish Bank BNext. BNext customers will have direct access to the Paxful trading platform. The leadership of the platform explained, that strict banking regulation in Mexico prompts the country's residents to move the focus of attention to cryptocurrencies.

“You need to provide people with access to reliable financial products. Doesn't matter, Do they want to invest in education, Start your business or just cover your daily expenses - each person around the world should have a appropriate solution for this ”, - said Yusef.

Last week, Coinbase cryptocurrency exchange also announced the release of a debit card in the United States. Coinbase Card owners will be able to pay for goods with cryptocurrencies and receive cashback in XLM or BTC. Besides, A few months ago, the Binance trading platform introduced the debit card of Binance Card in the European Economic Zone. The card supports BTC, BNB, SXP и BUSD.