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The race to make crypto as easy as a swipe of a card in the U.S. could be won by Revolut and Mastercard after the crypto-friendly fintech start-up launched its first debit card.
This foot in the U.S. is significant, especially after Coinbase, with the help of Visa, launched its own crypto debit card in the UK.
Coinbase stated in the launch of their card that it would initially be available in the UK, before being rolled out in Europe. U.S. regulations no doubt have had a role to play in the launch of such a major cryptocurrency card being resigned to Europe.
Revolut’s card is not exclusively cryptocurrency-based, however. In fact, the announcement from Mastercard makes no mention of cryptocurrency except when it describes the startup as having a ‘cryptocurrency exchange.’ This does position Revolut to potentially make crypto-card advancements in the U.S. down the line.
read more at: https://beincrypto.com/revolut-and-mastercard-crack-us-market-after-coinbase-and-visa-settled-on-uk/
Is this card from Revolut a big statement in the drive to spend cryptocurrencies as easily as cash? Do you think U.S. customers will see this as a big draw to get a Revolut account and attached card?