Europe marks new milestone in crypto race; embraces crypto-based debit card

The crypto space is seeing exciting developments, with governments opening doors to new initiatives. Amidst these latest developments, Europe recently allowed its citizens to publicly use a crypto-based debit card. The announcement went viral after a Reddit post from u/n4bb said,

“A new crypto makes its debut in Europe”

The “crypto-card” was introduced by online crypto exchange, Jubiter. The exchange claims that the card can be used “anywhere in the world.” Presently, Jubiter’s card will support only Bitcoin [BTC] and Litecoin [LTC] transactions.

The company also announced a low maintenance fee of €1.80 (~$2) per month, and a reload fee of €1.00 ($1.12) for its users. In addition to its new offering, Jubiter also allows users to buy Bitcoins via its official website.

The company’s crypto cards are currently available across most European nations and the website echoes Jubiter’s vision to “offer the cards in countries around the world,” in the future. While several EU-based have attempted and failed in this venture in the past, Jubiter believes the ability to use the card through any payment gateway will play a crucial role in its survival.

The post Europe marks new milestone in crypto race; embraces crypto-based debit card appeared first on AMBCrypto.

Post written by our friend Arijit Sarkar and from ambcrypto
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