The Austrian crypto company Bitpanda is launching a debit card that can be used to make transactions not only in euros, but also in precious metals or crypto currencies.
The Viennese FinTech company Bitpanda is launching its own debit card
The company announced this on its own homepage . Customers should be able to use the card to process payments in crypto currencies such as Crypto Profit or precious metals such as gold. The card is currently only available for citizens within the euro zone. According to Bitpanda, there are no account management or card issuing fees. Payments in euros would also be free of charge. The crypto company only charges a fee for transactions with foreign currency.
Payment processing with digital or physical assets is done by converting the current rate of the respective investment into euros. For example, if you pay for a coffee with Bitcoin, the Bitpanda debit card converts the crypto currency into euros and debits the amount from the account. The usual trading surcharges are paid to the Viennese FinTech. Premium customers receive a cashback of between 0.5 and 2 percent. In addition, the debit card should support contactless payments as well as GPay and Samsung Pay.
Bitpanda launches its own index for Bitcoin and Co.
Previously, Bitpanda had moved into the focus of reports in October when the company announced that it wanted to map the top 25 cryptocurrencies in its own index. Since then, crypto users have been able to build up a “diversified crypto currency portfolio” via the Bitpanda Crypto Index (BCI). The portfolio regularly adapts to changes in the market. This means that the coins and tokens listed in the BCI can also change monthly.