Visa is reportedly set to approve Australian crypto startup Cryptospend’s issuance of debit cards for spending bitcoin and several other cryptocurrencies. “We have a lot of demand for the card,” the company claims.

  • Global card giant Visa is expected to announce later this week the approval of the issuance of a physical debit card that will allow Cryptospend app users to spend their cryptocurrencies using existing payment terminals, Cryptospend co-founder and CEO Andrew Grech reportedly said.
  • “It will be the first time cryptocurrencies can be spent using a payments card issued in Australia that runs on the network of one of the international card schemes,” AFR publication reported Wednesday.
  • Launched last October, Cryptospend supports bitcoin, ethereum, litecoin, bitcoin cash, and XRP. Grech detailed:

We have a lot of demand for the card. If the market is green, someone could say it’s time to spend some of my profits. On the…

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Source: https://news.bitcoin.com/visa-cryptocurrency-card-australian-startup/