Last year was characterized by harsh crypto regulations; however, crypto service providers did not relent in onboarding innovative products to ease transactions and potentially attract more users.
Despite facing drawbacks, the crypto industry has shown remarkable resilience, exemplified by the onboarding of Visa, a global payment giant. Visa has doubled down on cryptocurrency adoption by enabling a new method to exchange crypto to fiat currencies without relying on centralized exchanges. This move is commendable, especially considering the challenging business conditions.
Several exchanges, including Binance and , most recently Bitget which introduced its own credit card dubbed "Bitget Card" have rolled out their cards. This development seemingly signifies a significant marketing strategy that brings both convenience and accessibility to crypto users.
My curiosity arises from being in a region not particularly friendly towards cryptocurrencies, and I would like to understand if acquiring and using these crypto-powered cards is similar to traditional bank cards.
The regulations hasn't stopped yet, in my country Binance is going to be unusable because they've been operating without a license but that's a bullshit by the Philippines SEC, Binance has been operating just fine for a really long time and they suddenly want to shut down the operation with millions of people in the Filipino crypto community using it as their main exchange? I just hope that they lose interest again because I really don't like it when the government is on my tail with what I do in crypto, they don't have any business being in here anyway besides being part of the global adoption goal of bitcoin. Despite facing drawbacks, the crypto industry has shown remarkable resilience, exemplified by the onboarding of Visa, a global payment giant. Visa has doubled down on cryptocurrency adoption by enabling a new method to exchange crypto to fiat currencies without relying on centralized exchanges. This move is commendable, especially considering the challenging business conditions.
Several exchanges, including Binance and , most recently Bitget which introduced its own credit card dubbed "Bitget Card" have rolled out their cards. This development seemingly signifies a significant marketing strategy that brings both convenience and accessibility to crypto users.
My curiosity arises from being in a region not particularly friendly towards cryptocurrencies, and I would like to understand if acquiring and using these crypto-powered cards is similar to traditional bank cards.