Latin American Crypto Firm Ripio Launches Prepaid Crypto Card in Brazil.

Payments can be made in any of 28 different cryptocurrencies, and the debit card also offers 5% cashback rewards in bitcoin.

"The 5% cashback in BTC is an excellent yield tool for users and certainly far superior to the options offered by traditional financial institutions," said Sebastian Serrano, CEO of Ripio.

Henrique Teixeira, Ripio's global head of new business, expects 250,000 users will be leveraging the prepaid card by December later this year. Thus, in order to accomplish the necessary scale for the platform, Teixeira expects that the company will spend near R$1.5 million on the new product.

I am hoping that companies in other countries will adopt that including the US. That would be the card of choice in my wallet