Virtual Cards The Perfect Crypto Payment Solutions

As a crypto business owner, providing the perfect crypto payment solutions to meet customer needs is essential for both retention and promoting broader crypto adoption.
This involves providing seamless onramp and offramp services, as well as enabling users to spend their cryptocurrencies freely. However, virtual card buy using bitcoin to enhance this experience is by introducing a virtual crypto card.
The ultimate goal of purchasing cryptocurrencies is to spend them, but until now, paying directly with crypto has been challenging, often requiring multiple bank transfers to access funds. With the advent of crypto cards — both virtual and physical — users now have the perfect crypto payment solutions.
What Is a Crypto Card?
A virtual crypto card functions similarly to a physical card but exists digitally and can be integrated into mobile wallets like Google Pay and Apple Pay.
It features the same card number, expiration date, and CVV as a physical card, offering the added convenience of not needing to carry it with you — enhancing security. Additionally, in case of emergencies, the card can be locked remotely via a smartphone.
You can easily create a virtual crypto card through a card issuer, offering your users either a debit or prepaid card based on their specific needs.
Using Crypto Cards as a Better Payments Solution
Users receiving their salary in Euros can easily add the required amount on their crypto wallet to use for everyday spending — such as buying groceries or online payments. A crypto card makes daily transactions more accessible and secure.
To start using a virtual crypto card, users follow a straightforward process:
Account Setup: Users create an account on their crypto app, complete the KYC process, and onramp the desired cryptocurrencies.
Card Issuance: Users order their virtual card, which allows them to start spending their digital currencies right away.
Payment Processing: When users swipe their card in a store, the transaction is processed just like any Visa or MasterCard payment.
Funding Request: The card issuer sends a Just-in-Time funding request, which the crypto app validates by confirming the user’s crypto balance.
Transaction Completion: Fiat funds are released, and the transaction is confirmed in real-time.
What Makes Card Issuing Complicated?
Cards have become a vital element of crypto payment solutions, but issuing them can be complex, requiring partnerships with at least eight different entities, along with compliance and regulatory management.
This complexity diverts crucial resources from other business areas that could be used for growth and scaling.
Partnering with a virtual card issuing platform offers a more efficient solution. Comprehensive crypto banking platforms handle these partnerships and integrations, saving you from unnecessary overhead. Moreover, their integrated KYC/AML systems streamline client onboarding.
Offer Comprehensive Crypto Payment Solutions
A virtual crypto wallet can function much like a bank, providing secure storage and smooth fund transactions. Here’s how crypto wallets can scale when built on a crypto banking foundation:
Multi-Currency Storage: Integrated with banking services, virtual crypto wallets allow users to store both crypto and fiat currencies in one place, facilitating transactions within a single application.
De-Fi Integration: When connected to a De-Fi system, crypto wallets enable users to access staking features, earn annual interest, and receive crypto rewards.
Instant Payments: A crypto wallet allows for immediate, secure payments, enabling users to simply tap their crypto card at any point of sale. With the
Lightning Network, these transactions, which usually take time under standard infrastructure, are completed in seconds.
Building a Crypto-Friendly Future
To truly create a crypto-forward society, merely acquiring cryptocurrencies isn’t enough. Continuous innovation and expansion in crypto payment solutions are crucial for achieving mass adoption.
To support this evolution, solutions like crypto banking as a service are vital, allowing crypto businesses to focus on developing and launching products that meet consumer needs. Companies aiming to broaden their offerings can leverage card issuing infrastructure to create branded white label crypto cards quickly and efficiently.