Paxful: a new crypto debit card

In a press release shared by the Paxful team, a platform to exchange and sell bitcoins, we learn that a crypto debit card has been launched in collaboration with BlockCard to expand their offering internationally.

Paxful is one of the largest platforms on the African continent that allows you to exchange Bitcoins (BTC) with many different payment solutions: we are talking about over 300 different payment methods.

BlockCard, on the other hand, is a platform of the Ternio group, which allows users to interact with cryptos in a simplified way thanks to the debit cards and current accounts that can be connected, also because it has recently entered into a partnership with Visa.

The Paxful crypto debit card

These new debit cards will first be launched on the American market in the USA and will allow American users to convert cryptosoft into dollars and make purchases with them, but also withdraw money from traditional ATMs.

Users will have both a virtual card, so they can manage it directly from their smartphone, and a physical card, so they can use it directly in all shops and ATMs around the world, as it will work like a normal debit card.

Having access to reliable and secure financial instruments is crucial, said Paxful CEO and co-founder Ray Youssef:

„Access to reliable and affordable financial products is indispensable. Whether looking to invest in education, start a business, or simply manage the financial demands of everyday life, there should be a viable option for everyone across the globe. Paxful has always been dedicated to providing that option, be it to users who are in the platform as a matter of preference, or necessity.

Surely Paxful is the best peer-to-peer platform for BTC’s exchange, as Ternio’s CEO and co-founder Daniel Gouldman himself pointed out:

„Paxful is a best in class peer to peer bitcoin marketplace, so we’re pumped up about being able to provide their customers access to the BlockCard platform. It’s going to be fun to pair together all of the strengths of Paxful with Blockcard’s global debit card and bank account capabilities. Ternio is committed to providing interoperability between cryptocurrencies and the traditional banking system.“

This partnership seems to underpin the vision of a world where banks and the traditional financial system will stand alongside each other and not as competitors, as Paxful’s CEO himself revealed in a recent interview.