Cryptocurrencies have soared in popularity over the last 15 years, and continue to dominate financial markets. Since the creation of Bitcoin in 2009, hundreds of millions of people have adopted digital currencies as their form of financial investment.
However, for most, their crypto assets remain tied up, unable to be easily accessed. That is why having a Volta crypto card is becoming increasingly appealing, as it allows investors to use their money in the real world.
Here are just a few advantages of having a crypto debit card:
Real world applications
While it is always nice to see crypto assets increase on the screen, it can be hard to relate this to real life wealth.
Now with a card that allows you to access your cryptocurrencies and spend them, you will be able to realise your investments and use the money you have earned.
As well as storing digital assets, you can now spend them, just as you would money in your bank account, whether you are in a shop, paying for a hotel bill, or spoiling yourself at a spa.
Using a card is far more convenient than having to release assets and convert them to traditional currencies in your account, which is why tech-savvy spenders are loving the idea of a crypto card.
Huge choice of retailers
Although some crypto investors might be worried that not a lot of places will accept their digital currency, this could not be further from the truth.
More than 100,000 businesses around the world now accept the Volta card, including huge companies like Apple, Adidas, Amazon, Gucci, Samsung, and Walmart in the US.
It offers a secure spending option wherever you are in the world, so shoppers do not have to be concerned about putting their assets at risk.
This means investors who predominantly earn their cash through cryptocurrency exchanges can access the bulk of their assets when they want to buy things. This saves them from having to convert it to a traditional currency like the British pound sterling or US dollars.
Doing this could also mean they lose some value in the exchange rate, so spending the digital currency without having to convert it could also save them money.
Access to discounts
As well as benefiting from the convenience of being able to spend their cryptocurrency in thousands of retailers anywhere in the world, card owners are also able to access lots of discounts.
The card provides great deals at thousands of retailers in all areas, such as entertainment, tech and fashion. They can also get offers at restaurants, deals on hotel stays, and can earn reward points they can take advantage of the more they use their card.
For instance, they could gain credits for prestigious fitness centres all around the world or earn complimentary classes.
ATM withdrawals
Another reason to take out a crypto card is it allows them to access their money in real cash through ATM withdrawals.
This should be possible all over the world, so long as Mastercard is accepted. Allowing this access to funds means investors can easily spend their earnings in cash, making their assets even more valuable to them.
After all, being unable to use any accrued wealth makes it far less meaningful in the long-run.
Great for travellers
Being able to use the card internationally and in over 100,000 global businesses makes it a great option for those who travel a lot.
It means they do not have to worry about exchanging money to foreign currencies before heading abroad, losing money on poor exchange rates, or only being able to use their card in certain retailers and hospitality venues.
Indeed, a crypto card such as this means travellers can enjoy enriched experiences in spas, hotels, bars and restaurants all over the world.
Store multiple currencies
Another advantage of a crypto card is that it does not just store one currency on, but can hold multiple ones. Therefore, if you use different types of currency, you can access them all on one card.
You can also enjoy live exchange rates, ensuring you get the best deal, and can transfer cash to your bank through the app.
With cryptocurrencies now worth more than $2.67 trillion (£2.05 trillion), the demand for Volta debit cards is only going to increase and its adoption by retailers will soar. So investors will be able to spend their cryptocurrency more easily and in more places than ever before.