Crypto Debit Cards: Does the Market Need Them?
One of the most famous attempts to “cross” cryptocurrencies and banks was the launch of familiar Visa and MasterCard bank cards, which holders could replenish with cryptocurrencies. Such tools have become very popular among crypto players in 2017 as an easy way to convert digital currencies into fiat. But today, projects involved in the release of cryptocurrency “plastic” cards are increasingly resembling an endangered species. Shift Card, a company that has been issuing Visa cryptocurrency cards since 2015 together with Coinbase, will cease operations on April 11. What do such projects offer, and why did the demand for their financial instruments turn out to be insignificant?