The traditional concept of making payments has almost vanished. People are now majorly dependent on online ways of paying off their debts. Apart from online methods, cards are the widely accepted method to clear expenses securely and conveniently. This concept of providing cards to investors has been adopted by crypto investors as well.
Amazed…by hearing this?
Yes. That’s true. And to make you aware of this concept we have made an attempt by crafting this read. This innovative method of introducing a card has been discovered by a crypto exchange-Bitso.
Bitso card is similar to a debit card, by which you can easily pay off your expenses or make purchases. The card uses the MXN balance stored in your wallet to make payments for the purchases you have made.
Bitso card is a physical and digital card launched by the team to ease the user in clearing off the expenses that occurred on making the purchase. The expenses that occurred from purchase are paid through the card from the available MXN balance in their wallets. Thus, the investors have to simply fund the wallet in MXN. For this, they will have to make a transfer from their bank account.
Here’s how to use a Bitso card
As mentioned in the upper part of the read, there are two forms available for the card. One is digital and the other one is physical. Talking of the physical card, users will be able to make payments at physical stores. With the physical card, you can easily make payments using the mobile app. To encourage contactless payments, users are facilitated with the option to make contactless payments at the “Point-Of-Sales Terminal”. In addition to this, they can even withdraw the available balance from ATMs all over the world.
Virtual/Digital card
After having a brief discussion of the physical card, it's now time to know a little bit about the virtual or digital card. Unlike physical card, the digital card is used to make payments at online stores, streaming services, or any other online apps. Users can easily access the funds available in their digital wallet using the concerned app. To have a rough check at the steps involved to access the card, give a quick look below:
- Get into your concerned account
- After getting into the app, head toward the card section
- Tap on “Digital Card”> “View Details”
- Copy the details displayed and then mention it on the page where you are making a purchase
NOTE: The card doesn’t support installment payments.
Final Thoughts
Through this read, we tried to discover the mechanism of the Bitso card and all the crucial information associated with this unique concept. So, with a drop of a hat start exploring more about this card by reaching the “Help Center” page of the exchange. Before taking any move conduct a detailed analysis about the same.
