Hi Ryzaadit,
I also thought about buying the card, as I really like the idea of crypto credit cards.
Unfortunately it is just a debit card, which is much more expensive than a usual Visa card.
When I asked them about this problem, they told me it's more for 3rd world countries that don't have access to Visa cards.
I think it's an important first step to mass adoption, but still a long way until real crypto credit cards can compete with traditional credit cards.
I guess in 1 or 2 years we will have crypto credit cards which are as cheap as traditional cards.
Hello,
It is debit card with overdraft limit.
Will be issued debit cards and set credit limits for each of the customers. When you order the card, your credit limit is set to zero.
You can upload your debit card with fiat money same as you can do with the usual banks card. As for the credit limit, it will be set according to your share in ETF.
Why will we do this? It will be created a kind of buffer in case of sudden short time price changes.
This cards for everyone, not for only 3rd world countries.