Crypto Card Issuers

There is a lot of hype around having a cryptocurrency card that has the VISA or Mastercard logo on it and rightfully so. People want to spend their crypto as easily as they do cash.

Technically, the companies generally work with a card issuing company such as WaveCrest that issues prepaid debit card and the company (such as TenX) is responsible to ensure the transfers between crypto to cash deposits on the card.

The rumors are that the credit card brands are limiting some of the prepaid cryptocurrency debit cards to Europe and Japan (via SBI Holdings). If you know of any other crypto credit cards please comment below.

The companies providing these prepaid bitcoin debit cards, generally, offer a companion app to view a digital wallet or swap currency.

Mobile Point of Sale Systems (mPOS)

mPOS have a different purpose than prepaid debit cards but with the same goal (to make cryptocurrency more spendable).

mPOS systems generally try to:

Help businesses manage their sales

Provide business analytics

Manage product inventory

Improve Customer Relationship Management

Beluga Pay’s mPOS gives merchants the ability to charge in VISA, Mastercard, cash and crypto-currency. We believe merchants still want to accept VISA, Mastercard and now they can plus cryptocurrency all-in-one system.

Living in the developed world, one gets used to filing taxes online, having mailchimp, retargeting users with pixels. But the reality is, over 2B people remain unbanked and many of the world’s business owners do not know what a spreadsheet is or who their top customer is.

We build our products at Beluga Pay and serve over 300 merchants today with the sole purpose of making easy-to-use products to help merchants grow their business. The focus is on building a platform for merchants not on white-labeling a prepaid debit card. Don’t get us wrong, we like the prepaid crypto debit card, however, that is not our core business.