The first thoughts on issuing plastic cards with which you can top up, exchange or buy Bitcoins and other cryptocurrencies can be traced back to 2011–2012. But it was only the end of 2014 when the owners of cryptocurrency got a real chance to order cards tied to BTC. And then a real boom began; today there are about ten companies on the market with a dozen more are preparing to release their product.

But while the rest are preparing, we actually do. At this moment, we are super excited to present Aximetria payment card which you can order in our mobile app. And here are some ideas of why it is indispensable for your everyday life.

How does a crypto payment card work

One may think of it as just like any other debit card that you can use at an ATM or point of sale. The only difference here is that you draw from a cryptocurrency wallet instead of a bank account.

Let’s see how the services that offer plastic cards linked to cryptocurrency work.

In order to issue a card, you need to go to the website of the service or in the mobile app. A plastic payment card will work in one of the major payment systems with card accounts opened in one or more fiat currencies and cryptocurrency. Cards that have accounts only in a fiat currency can only be replenished after exchanging BTC or ETH for a fiat currency. If the accounts are opened both in the cryptocurrency and in the fiat currency, users can access the automatic exchange within the system at the current internal rate.

There is a standard package of services that provide services and set fees for using the system — this is issuing and reissuing a card, replenishing an account and withdrawing money, converting funds within the system, changing the PIN code and requesting a balance.

It is worth mentioning that the card is tied to a crypto account that you open in the service and in which you have issued a card, and not to an exact crypto address. Therefore, you have the opportunity to make payments and other transactions very quickly.

Pay as you go

The single purpose of creating plastic cards with which one could buy, change, pay for goods and services using cryptocurrencies was to popularize these type of digital assets among ordinary users. In the environment of Internet users, these cards have become very popular. That is why the number of crypto-cards services only increases, and discussions of these services in forums and thematic communities are not silent.

The cryptocurrency plastic card is indeed a great solution that is probably will lead to mass adoption. It’s primarily because it doesn’t require the shop or merchant to do anything on its side like paying for an installment of a crypto-friendly terminal or whatever. The merchant even may not be aware that the particular customer is paying with crypto because it’s seamlessly converted into the respective fiat currency by the card provider.

Well, firstly, it is not only convenient for coin owners but also, perhaps, pleasant to pay for lunch at a cafe or to purchase a theatre ticket from their cryptocurrency account. Secondly, the use of cards allows you to change Bitcoins, Ethers and other cryptos to fiat currencies quickly and without long transfers to the bank or the use another service. Thus, all in all, it is just cheaper for the end customer.

Last but not least, the most significant advantage of using crypto payment cards is simplicity and ease of use, the ability to access funds at any time with a high level of security and transparency.

A revolution that already come

It’s clear that the boundaries between financial products for investment and daily spending are erasing: it is convenient to invest and spend assets instantly when the market is favorable, and all that in a single application.

Aximetria created a universal wallet with a card that makes a cryptocurrency not just a piece of digital signatures, but a unit of account. Using our application, you can withdraw cryptocurrencies to any bank card, but Aximetria card creates a different, seamless experience: cryptocurrencies can be spent easily, without unnecessary movements and extra fees.

At the moment, as far as we know, this is the only crypto card available to citizens of the Russian Federation, and we will launch in other countries in the upcoming months. Order your Aximetria card now and stay tuned with us!