Estonian cryptocurrency exchange Jubiter has introduced bitcoin debit cards for European market.
Initially the Jubiter Prepaid Visa card will allow Jubiter users to load cryptocurrencies. These include Bitcoin or Litecoin. Users can also make real-time payments.
Once loaded, the funds will automatically be converted to Euros and can be used to make purchase anywhere across the globe where Visa card is accepted.
The company said that its users will be able to apply for the new prepaid card in a few weeks.
When the cards are released, the company will give preference to its verified account holders.
In the initial phase, Jubiter will introduce the programme to its users in 27 countries of Europe.
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By GlobalDataThe programme will later expand to many other countries across the globe.
Jubiter in a press statement said: “As part of our mission bring cryptocurrency to the masses our new bitcoin Visa is the next step to building bridges and accessibility to cryptocurrency to users around the world. Our new prepaid Visa Card helps bring Bitcoin from its roots as a novelty investment to our daily lives.”
Recently, Spanish banking startup 2gether also announced plans to launch a prepaid Visa debit card that will enable users to spend their cryptocurrencies across Europe.