According to a press release shared by the team of Paxful, a platform to exchange and sell bitcoin, was launched a cryptocurrency debit card In collaboration with BlockCard with the aim of expanding its offer internationally.
Paxful is one of the largest platforms on the African continent that allows you to exchange bitcoin (BTC) with many different payment solutions: we are talking about more than 300 different payment methods.
While BlockCard is a platform of the Ternio group, which allows users to interact with crypto assets in a simplified way thanks to debit cards and bank accounts that can be connected, thanks to its recent association with VISA.
The Paxful cryptocurrency debit card
These new debit cards will be launched first in the US market and will allow US users to convert cryptocurrencies into dollars and make purchases with them, as well as withdraw money from traditional ATMs.
Users will have both a virtual card, to be able to manage it directly from their smartphone, and a physical card, to be able to use it directly in all the stores and ATMs in the worldas it will work like a normal debit card.
Having access to reliable and secure financial instruments is crucial, emphasized the CEO and co-founder of Paxful, Ray youssef:
“Access to reliable and affordable financial products is essential. Whether you want to invest in education, start a business, or simply manage the financial demands of everyday life, there should be a viable option for everyone around the world. Paxful has always been dedicated to providing that option, whether it be to users who are on the platform by preference or need ”.
Paxful is surely the best peer-to-peer platform to trade BTC, as Ternio CEO and co-founder Daniel Gouldman recalls:
“Paxful is the best peer-to-peer bitcoin marketplace in its class, so we are excited about the prospect of providing its clients with access to the BlockCard platform. It will be fun to combine all of Paxful's strengths with Blockcard's global debit card and bank account capabilities. Ternio is committed to providing interoperability between cryptocurrencies and the traditional banking system ”.
This partnership seems to underpin the vision of a world in which banks and the traditional financial system will be side by side and not as competitors, as Paxful's CEO himself revealed in a recent interview.