2gether are Introducing a Visa Debit Card for Spending Cryptocurrencies
By Mark Lemon – Cryptocurrency Specialist
Spanish start-up, 2gether, have announced plans to introduce a prepaid Visa debit card that can be used to spend cryptocurrencies in 19 nations in the Eurozone. The announcement came shortly after the completion of successful tests in Spain. Launching a prepaid Visa debit card that allows individuals to spend crypto could cause more to buy BTC and other cryptocurrencies.
Cryptocurrencies have become a popular vessel for investment, yet they are still not yet widely accepted. Buying and selling Bitcoin is not the simplest and most straight-forward process especially when considering exchanges which makes spending even more difficult with the use of private keys. This new Visa debit card claims to spend crypto instantly by just swiping; incurring no fees to the user.
The 2gether Visa card is compatible with and will convert seven different cryptocurrencies upon release. This will allow users to buy Ethereum (ETH), Bitcoin (BTC), XRP, Bitcoin Cash (BCH), EOS, Stellar (XLM) and Litecoin (LTC) to load into the card for later conversion into Euros in order to make a payment.
Those seeking to apply for the card will need to first download the app and pass the KYC verification process. After this they will be put on a waiting list. The CEO Ramón Ferraz stated that 2gether is one of the first companies in the crypto space launching a consumer-owned application, bridging the connection between crypto buying and the mainstream markets.
2gether are planning to launch a token named 2GT as a Virtual Financial Asset under the ticker 2GT. The company hopes to sell €5million worth of the token during a pre-sale in which all EU citizens are eligible.
The crypto markets need more infrastructure and utility for the industry to thrive. The main reason people enter the market is the investment opportunity, however, this will not be enough on its own to encourage more to buy and sell cryptocurrency. The markets need concepts like 2gether’s Visa debit card to bring easier payments with crypto to their fingertips while introducing the latest new blockchain systems.
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