Crypto Credit Card: The Cryptocurrency that has been the most talked about in 2021 is that. Last year, after the order of the Supreme Court, once again the buying and selling of crypto started in the country, after which many crypto exchanges also came into existence. Now taking a step forward from this, the discussion about crypto credit cards has started in the market.
Mastercard and Visa, two of the world’s largest payments companies, have teamed up with some crypto companies to introduce cryptocurrency credit cards. The crypto credit card has appeared as soon as it was launched in the market of cryptocurrencies worth billions.
Just as you use the credit cards of banks as cash, you can also use crypto credit cards for shopping or payment. Here you will get rewards and cashback on shopping just like a credit card.
Crypto credit cards are the future of the market. But there are still many questions regarding this, is this card available in India, how can we shop with these credit cards, how can we use these cashback and rewards and how will we pay the bill of this credit card.
What is a crypto credit card?
A crypto credit card is just like a credit card from your bank. The only difference is that bank credit or debit cards use note currency or coin currency, but crypto credit cards are fully linked to digital currency or cryptocurrency. Just like in normal credit transactions, we use cards instead of cash, similar to crypto credit cards, we will not need to pay bitcoin, Ethereum, or dogecoin.
Through a crypto credit card, the first cryptocurrency is converted into the currency of that country. Then the payment will be given to the payer. This work will also take the same time as the card of banks because it is equipped with all the online facilities.
Different crypto credit cards offer different rewards to the user. The Gemini Credit Card offers up to 3% rewards on shopping. But this reward is available in bitcoin. It is immediately credited to the Gemini account of the user.
Another card, the BlockFi credit card, gives users rewards of up to 1.5 percent on payments with 10 types of cryptocurrencies, including bitcoin and Ethereum.
How to Get Crypto Credit Card
Crypto credit cards are made through the world’s largest payment companies Visa or Mastercard. For this, you will have to issue a crypto credit card from a crypto organization. Companies that deal in crypto, exchanges issue such cards.