NetCents Technology has revealed a new cryptocurrency credit card, which does not require users to have pre-loaded cryptocurrencies on the card.
The new solution is being tested in real-world environments for edge-case scenarios, which is the last step before being released into the public market.
A merchant integration has already begun, which will allow merchants to users to load their branded credit cards using cryptocurrencies.
NetCents claims that unlike other prepaid cryptocurrency cards in the market, its service does not require users to pre-load cryptocurrency onto their card, removing potential “lost” appreciation through rising currency values between when the money was put on the card and when it was spent.
The NetCents Cryptocurrency Credit Card is linked to NetCents wallets which also allows users to directly spend cryptocurrency in their wallet. Users can choose up to three cryptocurrencies they would like to spend on the card.
NetCents Technology CEO Clayton Moore said, “Since starting this process, our relationship with Visa has evolved and expanded.
“We look forward to working with Visa, evolving and driving these initiatives together. We consider it a privilege to support Visa in their effort to bring best-in-class products to the market. We hope to update you on these advancements in the near future.”
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