Since the launch of cryptodebit cards, cryptocurrency payment company Crypterium, headed by the former executive director of Visa, has sent customers about 4000 cards per week.
A Finnish company headquartered in Estonia, Crypterium launched its card on June 12, offering the world community a prepaid card with support for such cryptocurrencies as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), USD Coin (USDC), as well as its own token Crypterium CRPT.
The new bitcoin card works “just like a traditional prepaid card”, allowing you to make cryptocurrency purchases on the Internet and in a number of stores, including Amazon, Netflix. It can also be used to pay for tuition or when paying off medical bills.
At the same time, users will be able to withdraw money from “any of the 2 million” ATMs, the funds will be automatically converted into local currency. During the first week after launching its solution, Crypterium managed to deliver 3,736 cards to approximately 70 countries, explaining the “rapidly growing demand” by the current price increases for BTC and the emerging bull market.
Although the majority of card orders came from the United States, the company also noted significant demand in the Asia-Pacific region, with Australia ranking third in the number of orders. In addition, significant demand is noted in countries with weak local currencies and volatile economies.
Former CEO of global payment giant Visa, Stephen Parker, noted that these impressive figures reflect real global demand for a “debit card” that provides the same payment status for crypto and traditional currencies.