European cryptocurrency holders have reason to be cheerful. Slowly but surely it’s becoming easier to spend BTC, BCH, and a range of other cryptos throughout the continent, with payment services like Wirex and Paytomat leading the charge. It’s now possible to spend bitcoin in hundreds of restaurants and stores throughout Eastern Europe, as well as anywhere that accepts Visa in the whole of mainland Europe and the UK.
Wirex Rolls Out Its New Crypto Debit Cards
When crypto debit cards were cancelled in Europe last year, with a Visa subsidiary to blame, tens of thousands of cryptocurrency holders were left clutching worthless pieces of plastic. But as crypto companies have forged new alliances with payment processors, crypto debit cards have started to return, and hopefully this time they’re here to stay. In the past two weeks, Wirex has begun dispatching physical cards to UK and mainland European customers who were on its waiting list. News.Bitcoin.com had a chance to put one of the cards to the test, topping it up with BTC and then spending it in-store and online, and was impressed with the results.
A full review of the Wirex crypto debit card follows below, after a quick look at what Paytomat have been up to. The cryptocurrency payment system supports 11 cryptos including bitcoin cash and zencash, and has support from over 330 restaurants and stores at present, mostly in Eastern Europe. It’s since expanded into Western Europe, however, with a launch that took place in an Amsterdam soup kitchen earlier this month.
Paytomat CEO Yurii Olentir said: “Amsterdam is one of the most crypto-friendly places, so we chose it for our kick-off in Western Europe. With millions of tourists visiting every month, cryptocurrencies can be a very convenient payment method. For example, a transaction in Bitcoin Cash takes just a couple of seconds and the fee is miniscule.”
In total, Paytomat supports BCH, ZEN, XEM, DASH, WAVES, LTC, ETH, NANO, DCR, XZC and BTC, and as a video demonstration shows, paying for a meal with bitcoin cash is quick and easy:
A Quick Look at the Wirex Crypto Card in Action
I applied for a Wirex card weeks ago, and succeeded after several failed attempts at address verification. At one point I feared I was never going to convince their KYC I lived where I claimed to live, but a stamped bank confirmation letter finally did the trick. The team’s customer support was helpful throughout, to their credit. Last week, Wirex announced that its cards were finally ready to ship. Mine arrived in a beautifully packaged sleeve that folds out to reveal the slogan “The most versatile payments card in the world” accompanied by a heart emoji face…