Swipe clinched a major victory when it partnered with Samsung on May 1 to allow crypto spending through its debit card integration with Samsung Pay. The debit card issued by Swipe and funded by cryptocurrencies can now be used at 50 million locations worldwide. Swipe previously partnered with Google Pay and this new move will broaden the user base by a wide margin.
Swipe is thrilled to announce that it has collaborated with #Samsung to launch #SamsungPay for #Swipe Visa Cardholders!
Find out all the details: https://t.co/FIIyTlmkfz— Swipe (@SwipeWallet) May 1, 2020
The Swipe debit card is currently supported in the United Kingdom and European Union countries, allowing users in that region to take advantage of the payment facility utilizing both Samsung Pay and Google Pay. This brings Swipe card one step closer to becoming a highly functional crypto debit card. A prominent hurdle in the adoption of crypto-assets is the illiquidity and inability to spend them with ease for everyday stuff, so such debit cards which are funded by cryptocurrencies and contain exchange facility are necessary to drive up adoption and crypto demand.
“We are excited to bring Samsung Pay to our cardholders. This integration and relationship with Samsung will open cryptocurrency adoption and make transactions with our Visa card in Euros converted by crypto seamless. Given the current COVID-19 situation, and people steering away from physical products like cash and in some instances cards, a digital solution really helps put our client’s needs first.”
Joselito Lizarondo, Chief Executive Officer of Swipe
To celebrate the occasion and the upcoming Bitcoin halvening, Swipe announced that they would make acquisition of the card free of cost for all users, for the whole month of May. Plus Swipe recently introduced the cashback facility in Bitcoin.
In celebration of the #Bitcoin #Halving all #Swipe #Visa Cards will be FREE for the entire month.
No membership fee, no annual fee, no card order fee, no shipping fee. Just free.
Spend crypto & earn up to 5% cashback in #BTC
Order your card today: https://t.co/Ydj9YfLuzQpic.twitter.com/TTuA7NQGGe— Swipe (@SwipeWallet) May 1, 2020
About Swipe Crypto Visa Debit Card
Swipe is a crypto debit card powered by Visa, being issued in collaboration with Contis Financial Services Ltd. The debit card can be used for payments with cryptocurrencies, without requiring manual conversion. It also allows users to buy, sell and exchange cryptocurrencies. The bank transfer and withdrawal facility is also provided by Swipe.
In order to support and motivate the CryptoTicker team, especially in times of Corona, to continue to deliver good content, we would like to ask you to donate a small amount. Independent journalism can only survive if we stick together as a society. Thank you
Nexo - Your Crypto Banking Account
Instant Crypto Credit Lines™ from only 5.9% APR. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.
It is super easy to buy Ripple. Just take a look at our exchange comparison!
Trading Bitcoin is too complicated?
We highly recommend our Crypto-Starter-Kit to you!
Or are you looking for the current Bitcoin Price in USD? Look no further!
Bitcoin Price, Ethereum Price, Ripple Price
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
You might also like
More from Altcoin
RenVM Mainnet Launches, Bringing External Assets To Ethereum
RenVM the cross chain assets project in the decentralized finance (DeFi) category launched its mainnet on May 27. The commercial …
Band Protocol Phase 0 Wenchang Mainnet To Go Live On June 10
The activity is heating up at the Band Protocol camp, after the rapid progress and development detailed in the April …
Kyber Protocol Partners With Protofire And Stake Capital
The Kyber Katalyst is all set to be launched by the end of this month (Q2 2020). It will introduce …