According to Bloomberg, Visa is starting to realize they are sitting on a gold mine. This year, cryptocurrency debit cards have become quite popular. Such cards are issued by third party companies that store users’ Bitcoins or other currencies. When the consumer goes to make a purchase with the card, the issuing company sells a certain amount of the consumer’s holdings to pay for the charge.
When one such company began issuing cryptocurrency-backed cards recently, they were shocked at receiving 17,000 reservations in a short period, without any advertising at all…
Read Full: Singapore Residents Clamor for Bitcoin-backed Visa Cards
