Cryptocurrency Debit Cards Provide Temporary Bridge for Usability Gap

Cryptocurrency debit cards are becoming more prominent as consumers are looking for easy ways to spend their cryptocurrency until mass adoption occurs.

A new Forbes article focused on Wirex and how it was able to gain UK Financial Conduct Authority approval, which is a significant and by no means an easy step. The e-money license will allow Wirex to “operate in 23 countries from the European Union as well as issue personal International Banking Numbers, legal ATM cards, exchange services and hold client funds in segregated accounts instead of company accounts”. Pavel Matveev, one of Wirex founders, said he believes there is room for both cryptocurrencies and the traditional banking framework.

“We don’t think that customers need to choose between the novel crypto world and familiar traditional money; we believe these two ecosystems can and should coexist. At the end of the day, we want to give customers a choice, so people can decide what’s better for their…