Crypto Debitcards
LiveGood can also payout in Bitcoin, which is great for the so called ‘hodling’ (holding it for a value appreciation), but you can also spend it when attached to crypto debitcard.
Crypto vs a 'normal' debitcard
The difference with ‘traditional debitcard’ suppliers: they store your cash on fiat / traditional currency. Thus euro’s, dollars, etc. A crypto debitcard stores your currency in for example Bitcoin or Ethereum. That it means the underlaying value, is only exchanged at the time you spend it. Thus lets say you spend $1000 through a crypto debitcard that holds a balance of 1 Bitcoin. Then if the Bitcoin increased $1000 compared to the day before? You can now spend $1000 in ‘free money’. Money you would not have had otherwise. Sadly, it goes the other way too. That’s where a stablecoin like USDT still proofs to be useful.
Nexo
ByBit
Crypto vs a 'normal' debitcard
LiveGood can also payout in Bitcoin, which is great for the so called ‘hodling’ (holding it for a value appreciation), but you can also spend it when attached to crypto debitcard.