Fintech Bitpanda step forward for the popularization of cryptocurrencies as a means of payment. The Austrian firm that landed in Spain last summer has launched its first debit card that allows you to make purchases charged to investments in digital assets that their clients have on the platform.
The new debit card, which fintech customers can request free from this Thursday, is issued by Visa and can be linked to any of the investment digital assets held in Bitpanda’s portfolio. In addition, through the platform’s mobile application it can be changed in each operation.
Thanks to the agreement with Visa, this new card will also be available for payments through Google Pay and Samsung Pay. From the Austrian fintech it has been pointed out that these operations will not be subject to any type of specific commission, but will give the opportunity to obtain rebates of up to 2% in bitcoins.
Also, as Invertia has learned, no card maintenance fees will be charged, neither monthly account nor transaction while payments are made in euros. In this sense, Yes, Bitpanda’s standard fees will apply for each transaction from the digital assets in which you want to pay to euros or the fiduciary currency in which the establishment charges.
Fintech has specified to this portal that “there is no minimum amount per trade or payment”. In this way, the new card can be used without costs added to a normal conversion operation to euros for purchases of even a few cents.
The CEO and co-founder of Bitpanda, Eric Demuth, has remarked that the new debit card “allows users to pay with the asset they want, either cryptocurrencies, metals, or fiat money without paying any commission. “In addition, he stressed that this tool” comes at a time when cryptocurrencies and digital assets capture the attention of the general public as they had not done so far. “
From Visa, the director of the company in Austria, Stefanie Ahammer, has indicated that this collaboration allows the two firms “moving forward together in the future of payments”. He also highlighted that innovation as one of the key characteristics of Austrian fintech.
Currently, Bitpanda has more than 1.6 million users and thanks to the investment boom on-line has managed to double its annual income. In its investment catalog there are more than 50 investment assets between cryptocurrencies and precious metals.