Bitpanda launches the first multi-asset debit card that makes any investment spendable
Bitpanda, the leading European digital investment platform, today announced that it’s now taking pre-orders for their first physical product – the Bitpanda Card. The Bitpanda Card is a debit card facilitated by the leading payment technology company, Visa. It is linked to any asset in a user’s Bitpanda portfolio, allowing the user to switch the linked asset at any time via the Bitpanda App and enables them to use digital assets such as Bitcoin or other cryptocurrency holdings to shop online and in stores worldwide. Transactions are processed immediately and users get a real-time push notification every time the card is used. Along with this, payments can also be contactless, through Google Pay and Samsung Pay.
Customers can use the Bitpanda app to switch between payment assets. For instance, users will be able to book their flight with Bitcoin or renew their Netflix subscription with gold: Users can pay any way they want, instantly, anywhere. All of this with no card fees, no monthly account fees and up to 2% cashback in Bitcoin for BEST VIPs every time they make a purchase.
Bitpanda customers who are current euro area residents can apply for the new crypto debit card right away – either directly through the Bitpanda App or via bitpanda.com/card.
Eric Demuth, Co-Founder and CEO of Bitpanda, said: “We wanted to build a product that is missing in the market by asking ourselves why it wasn’t possible to spend your investments at any time you want. We answered this question with the Bitpanda Card, allowing users to spend any of their assets, be that with crypto, metals, or fiat, as they please. No topping up is required. Everything that holds value should be treated equally and should be possible to use as you wish. The arrival of the Bitpanda Card comes at a time where cryptocurrencies and digital assets are moving into the public eye faster than ever. This is the missing piece of the puzzle in the world of digital finance.”
Stefanie Ahammer, Country Manager Visa Austria, added: “At Visa, we maintain close relationships with local partners around the world in order to advance the future of payment together, in line with the respective market conditions. For this reason, we are particularly pleased to have gained such an innovative and successful company like Bitpanda as a partner in Austria. Together, we are launching Visa Debit as a future-oriented card product that will now also be available for consumers in Austria and all other Eurozone countries.”
Scaling Across Europe
Currently doubling revenue annually with over 1.6 million users, Bitpanda has established itself as Europe’s leading platform for trading digital assets and precious metals. Through its desktop site and mobile apps, users have access to more than 50 investment assets such as cryptocurrencies and precious metals backed by state-of-the-art technology quickly, easily and securely. After securing the largest Series A funding round last year, Bitpanda is extending its product range to further innovate the fintech landscape by soon offering stocks and ETFs, essentially democratising access to the whole financial world.
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