Unbanked Opens the Doors for Europeans to Use Crypto Cards

The success of cryptocurrencies in the past decade has led to increasing adoption by businesses and retailers seeking to expand their customer base with fast and efficient payment methods.

More merchants have increasingly adopted the use of cryptocurrencies as an alternative form of payment due to low transaction fees. However there remains the problem of converting these digital assets into fiat currency and this has led to the growth of crypto processing platforms.

These platforms offer merchants a quick and user-friendly way to integrate crypto-payments into their online stores and offer additional options like a wallet and customer support services. Unbanked, an SEC registered US-based company is one of the outliers in this sector and is driving the adoption of crypto payments globally.

As part of its goals to foster crypto adoption globally, Unbanked has partnered with Moorwand to offer European residents crypto cards. Holders will be able to spend utilize these cards in making transactions across hundreds of merchants globally.

Residents of the the United Kingdom and other European nations can express interest in opening an account, depositing cryptocurrencies, and, if approved, receiving a card for using their digital assets.

Unbanked card holders can finance their user accounts with 15 different cryptocurrencies, including BTC, ETH, UNI, XLM, and UNBNK. In addition, the card offers a distinctive range of financial, payment, and crypto services that increase cardholders’ access to and use digital currencies.

Speaking on the development, Daniel Gouldman, co-founder, and co-CEO of Unbanked, “We have worked for over two years on building this exciting solution to make the Unbanked Card available to interested users in Europe.” It’s wonderful to know that, with this launch, citizens of the U.K. and some regions of Europe will have access to one of the market’s most cutting-edge crypto-powered cards.

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