PrivacyCard: The debit card you never knew you needed
The world of finance is turning digital! Here is why PrivacyCard is the debit card you never knew you needed.
The rise of cryptocurrency offered great returns to every wise investor. However, some are still reluctant to invest in the platform. This is because they find converting cryptos to fiat tedious. Developers find this opportunity as an open door to create a system that will ease the transaction.
With that, CEX and DEX platforms arise, thus answering the problem. However, people still find the process time-consuming. In addition, they see that the taxes are ridiculously high.
Thus, the birth of crypto debit cards became a game-changer.
Cryptocurrency wallet before debit card release
Storing cryptocurrencies in a secured place is daunting to an investor to think about. Despite how secure the smart contract is, hacks and frauds may still arise. This makes people see cryptocurrency as an UNSAFE place to invest. Despite the risks, cryptocurrencies founders and developers created e-wallets that might answer security concerns.
The first-ever crypto wallet was introduced by Satoshi Nakamoto when he introduced Bitcoin in 2009. The wallets that we commonly know of today followed the same concept of storing digital assets from this early process.
Typically, we provide our wallet address to the person that will send the cryptocurrencies to us, and the smart contract will do the job of transferring the asset from one wallet to another. This process is almost instant; however, developers imposed sale and transfer taxes for using the system. In addition, some are also placing their digital assets on so-called cold storage.
Fast forward today, we know lots of e-wallets that are still following the same concept but eliminate some disadvantages discovered in crypto’s early age. Binance chain wallet, for example, is one of the wallets people use today. This wallet is secure, easy-to-use, and the transfer taxes are low.
Though the Binance chain wallet is an excellent alternative to convert cryptocurrency, opportunities still arise. This type of wallet will only function if you have a stable internet connection, which is not ideal if you need funds urgently. Therefore, crypto debit cards were developed and became one of the most fantastic creations we have today.
PrivacySwap’s debit card, a modern solution for a modern problem
As someone who has used cryptocurrency for quite some time now, PrivacySwap realized the fiat to crypto (and vice-versa) should not be painful. Therefore, combining privacy with convenience, we developed PrivacyCard.
Simply put, PrivacyCard is a debit card that accepts various cryptocurrencies. It is also usable anywhere around the world. PrivacyCard eliminates the long process of trading your cryptocurrency just to use them as actual money. In addition, everyone who has a PrivacyCard can manage their assets on our new feature, the PrivacySwap Oracle.
With all these, PrivacySwap made crypto to fiat transactions borderless.
Related Article: PrivacySwap Pushes New Tokens Launch, PrivacyCard Release
Overall,
The cryptocurrency had evolved so much compared to how it was initially. Despite that, hackers still find ways to bypass security. This results in investors losing their investments and scaring new investors to invest in the platform.
With that, Great developers produced different ways of storing digital assets. Still, but converting them to fiat was just recently answered. PrivacyCard was not the first to create a crypto-accepting debit card. However, it is still an excellent step to offer something our users never thought they needed.
Furthermore, we won’t stop at PrivacyCard. We will continue to create innovations that will make crypto transactions fast and secure. Despite the delay, our great migration will only be part of our big steps to make blockchain a safe and user-friendly ecosystem.
Engage with us now.
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