The Binance Visa Card is an example of a crypto card, allowing users to purchase virtually anything using crypto (cool right?). Take a moment to discover how crypto cards work and how you can use digital assets in your daily life.
A typical crypto card lets you earn crypto rewards or instantly convert your crypto to fiat currency to pay for goods and services. Both Mastercard and Visa issue crypto cards, meaning you can use your crypto in millions of locations globally.
Crypto credit cards work more like standard credit cards with crypto rewards. You can pay your credit card bill with fiat cash but receive crypto bonuses on the money you spend. Both Visa and MasterCard offer crypto cards with partner companies who apply for a license. These are the two most commonly used payment providers globally, making crypto cards almost universally accepted by retailers. Some crypto cards only offer crypto rewards on the money spent with the card. These cards are usually credit cards that require a credit check to sign up for.As we mentioned, a crypto card doesn't actually pay the vendor with crypto.
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