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Bitpanda Launches Debit Card That Lets Users Spend Fiat, Crypto and Precious Metals

Users can select any investment in their Bitpanda account to fund payments with the physical Visa card.

Updated May 9, 2023, 3:15 a.m. Published Jan 20, 2021, 2:43 p.m.

Bitpanda, a digital investment platform, has launched a Visa debit card that allows customers to switch among multiple assets such as cryptocurrencies, fiat currencies and precious metals to fund payments.

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Calling the card a world first, the Vienna, Austria-based firm said Wednesday the Bitpanda Card can be linked to any asset in a user's portfolio on the platform, which can be selected via the company's app.
“We wanted to build a product that is missing in the market by asking ourselves why it wasn’t possible to spend your investments at any time you want," said Eric Demuth, Bitpanda co-founder and CEO.
The Visa-branded physical card allows users to shop online and in stores globally. Payments can also be contactless using Google Pay and Samsung Pay.
Transactions are processed instantly and real-time push notifications are sent to users when the card is used, the firm said.
Bitpanda customers residing in the European Union can now apply for the card.

Debit Cards Visa Bitpanda CoinFlash

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.