Bitcoin, Crypto Mining News

New BTC Debit Card introduced by Crypto Giants

Block Card partners with Paxful to give users access to a new kind of digital debit card. The card will be available to residents of the United States, who will have the opportunity to convert digital currencies into USD to buy goods and services. They can also open bank accounts and get money from ATMs around the world.

Paxful and Ternio Offers the Unbanked New Financial Products

The statement declares:

“The current traditional financial system has created an accessibility gap, with many unable to access the essential banking products that we can take for granted. Per a survey conducted by the FDIC in 2017, 25 percent of households in the United States are either unbanked or underbanked, and that number increases to 1.7 billion globally, according to the World Bank. Paxful’s goal is to empower anyone and everyone, worldwide, to take control of their money using peer to peer transactions.”

For the time being, the card is only available in the US, but Ternio had hinted that at some point, it would like to make the product obtainable to many nations.

fine blue image of classic credit card background

Customers can also make deposits with more than a dozen separate cryptocurrencies. The founder of Paxful, Ray Youssef, elaborated in an interview:

“Access to reliable and affordable financial products is indispensable. Whether looking to invest in education, start a business, or simply manage the financial demands of everyday life, there should be a viable option for everyone across the globe. Paxful has always dedicated itself to providing that option, be it to users who are in the platform as a matter of preference or necessity.”

Bitcoin can be bought in Many Ways.

Paxful boasts more than 4M users from across the globe. The company permits its users to sell and purchase bitcoin with 300 different payment types. The company was first founded in 2015, while Ternio is a bit younger, established in 2017. CEO and co-founder Daniel Gouldman said:

“Paxful is a best-in-class, peer to peer bitcoin marketplace, so we’re pumped up about being able to provide their customers access to the Block Card platform. It’s going to be fun to pair together all the strengths of Paxful with Block Card’s global debit card and bank account capabilities. Ternio is committed to providing interoperability between cryptocurrencies and the traditional banking system.”

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