New Monaco-based cryptocurrency debit card supplier Bitsa has just expanded its prepaid card with major privacy-focused altcoin Monero (XMR). By enabling Monero support on its Bitsa Card, the company unclocks “all types” of XMR-based card transactions in physical stores and online, including card-to-card transfers and Monero conversion to euro (EUR), Bitsa announced on Feb. 21. Launched in Q3 2019, Bitsa Card supports a total of 12 cryptocurrencies like Bitcoin (BTC) alongside EUR bank transfers and payments so far, Bitsa COO Luis Vaello said in an email to Cointelegraph. Bitsa Card is one of the world’s first crypto card providers to …

Cryptocurrency businesses worldwide are continuing to integrate fiat onramps into their operations in an effort to make it easier for customers to jump into crypto. United Kingdom-based cryptocurrency lending startup Celsius Network has launched in-app crypto purchases via a new partnership with Simplex, according to a Feb. 18 announcement. Simplex, a popular fiat-to-crypto payments provider servicing major crypto exchanges like Binance, will now unlock direct crypto purchases for Celsius app users. Celsius clients will now be able to buy cryptocurrencies like Bitcoin (BTC) and Ether (ETH) via credit or debit cards. Similar to other Simplex-powered fiat onramps, the new feature …

Major global cryptocurrency exchange Binance now allows users to buy crypto directly through Visa credit and debit cards. In a Dec. 26 announcement, Binance said that its users are able to directly purchase four cryptocurrencies after binding their accounts to Visa cards issued within the European Economic Area. Binance users can buy four cryptocurrencies with euros or pounds Once the Visa card is linked, users can buy four cryptocurrencies including Bitcoin (BTC), Ether (ETH), XRP and Binance’s native token Binance Coin (BNB) with euros or British pounds. According to the announcement, Binance plans to add support for Mastercard and additional …

PayPal is suing the Consumer Financial Protection Bureau (CFPB) for requiring the firm to make “misleading and confusing” disclosures about its fees. The digital payments giant filed a lawsuit against the CFPB on Dec. 11, arguing that the agency has ignored critical differences between digital wallets and prepaid products like prepaid debit cards (GPR). CFPB makes PayPal provide disclosures about fees that it doesn’t charge, the suit says According to a Dec. 11 court filing seen by Cointelegraph, the CFPB mandates that digital wallets and GPR cards should be regulated the same way, which allegedly resulted in a “fundamentally ill-suited” …

Multi-asset investment platform and social network eToro is allegedly planning to launch a debit card in the second quarter of 2020. On Dec. 9, Business Insider reported that the United Kingdom-based digital asset trading platform’s 12 million users will be able to spend their earnings via a debit card, planned for launch in Q2 of next year. The service will reportedly launch in the UK firt. However, other details about this planned debit card launch remain unclear. EToro’s global head of PR & communications, Amy Butler, confirmed to Cointelegraph that the company is indeed working on a debit card launch, …

Israeli-based fintech and cryptocurrency firm Simplex now supports two new fiat currencies — the Japanese yen (JPY) and the Canadian dollar (CAD). Following the addition, users at some of Simplex’s partner exchanges such as Binance will be able to buy crypto via credit cards using JPY and CAD, industry publication The Block reports Dec. 9. Not all Simplex’s partner exchanges will be supporting JPY and CAD by default Cointelegraph contacted both Simplex and Binance in order to confirm the news. Simplex’s spokesperson confirmed the report, noting that the company’s partners are now able to allow their users to buy crypto …

Coinbase Card, a crypto-powered Visa debit card from major crypto exchange Coinbase, now supports Dai (DAI), a stablecoin pegged to the United States dollar. According to a blog post on Dec. 6, Dai is the first stablecoin that is available on Coinbase Card, alongside major cryptocurrencies such as Bitcoin (BTC) and Litecoin (LTC). As 1 DAI is equivalent to $1, the addition of the stablecoin to the Coinbase Card aims to allow customers to spend crypto with less volatility, the announcement says. Cointelegraph has requested comment from Coinbase’s team on why the company has decided to choose DAI rather than …

“YOU’VE TRANSCENDED. You are here because you’ve opened your eyes to a new type of society; one powered by a decentralised economy and full of shimmering new possibilities.” This is not the calling card for a new religion. This is what new Monolith customers are met with when opening up the box for the first time. Narrative is a central part of cryptocurrency, whether people like it or not. While there are other cryptocurrency-funded debit cards like those from Wirex and Revolut, Monolith has taken narrative and made it central to its branding. When I fished the Monolith crypto debit …

The Spanish-speaking world has seen major cryptocurrency and blockchain developments with the Argentinian tax agency applying taxes to transactions with e-wallets, the central bank of Argentina tightening its restrictions on exchanges, and the Dash Latam community ceasing its operations. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. The Argentinian tax agency will apply taxes to operations with electronic wallets In Argentina, the Federal Public Revenue Administration (AFIP) will apply a value-added tax (VAT) and income tax withholding regime for operations on electronic wallets. The new tax regime aims to …

Customers of the United States-based branch of major crypto exchange Binance, Binance.US, can now purchase cryptocurrencies using their debit cards. In a blog post on Nov. 1, Binance.US announced that the exchange will now offer its customers the possibility to purchase cryptocurrencies with a debit card, joining existing U.S. dollar on-ramp and off-ramps, including the automated clearinghouse (ACH) and bank wire. Binance.US also announced that in its first 30 days since launching, the exchange jumped to $15 million in daily trading volume, while increasing its token listings from seven to twenty-four tokens, bringing a total of 40 trading pairs to …

Two Venezuelan companies have partnered to release a cryptocurrency debit card and point-of-sale (PoS) system. “Crypto transfer device” supports four currencies According to a social media release by state-sanctioned exchange CriptoLAGO on Oct. 1, the joint offering with so-called “investment cryptobank” Glufco is already taking orders. A translated part of the announcement states: “What we were waiting for, our alliance with Glufco, puts us at the forefront.” The system will provide support for Bitcoin (BTC), Ether (ETH), Dash (DASH) and Petro, the Venezuelan government’s state-backed digital currency. Neither offering, it appears, will feature support for fiat currency, including the country’s …

Customers of major crypto exchange Binance can now purchase crypto directly using debit and credit cards via payment processing firm Koinal. 2.5% fee for buying crypto from Visa and MasterCard Binance users can now buy crypto using their Visa and MasterCard debit and credit cards, the company announced in a blog post on Sept. 25. Using Koinal, Binance clients are able to buy five cryptocurrencies including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP and Bitcoin Cash ABC (BCHABC), the post notes. The London-based payment processor charges 2.5% per transaction, with the purchased assets on average taking five to 20 minutes …