Bitcoin.com has launched the V-Card, a new debit card integrated into its self-custody Bitcoin and crypto DeFi wallet app. This card is designed to facilitate the spending of cryptocurrencies in a way that mimics traditional cash transactions, allowing users to utilize their digital assets at over 37 million merchants worldwide where Mastercard is accepted.
Global Accessibility: Users can spend their cryptocurrency or withdraw cash from ATMs globally.
Supported Cryptocurrencies: The V-Card can be topped up using popular cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), USD Coin (USDC), Tether (USDT), and Bitcoin.com's own VERSE token.
Enhanced Security: The card includes features such as the ability to freeze the card, set spending limits, and receive real-time transaction alerts.
Exclusive Rewards: Holders of the VERSE token will receive special rewards and discounts, including a 33% discount on the card fee when purchased with VERSE.
The V-Card emphasizes self-custody, allowing users to maintain control over their funds and avoid risks associated with centralized exchanges, which have faced issues like hacks and bankruptcies. Bitcoin.com’s CEO, Corbin Fraser, highlighted this aspect as a significant advantage for users who prioritize security and autonomy in managing their digital assets.
To obtain a V-Card, users must download the Bitcoin.com Wallet app, complete a KYC (Know Your Customer) process, and pay a card application fee, which is reduced for VERSE token holders. The card is not available for U.S. residents.