Visa announced a new product this morning that should eventually lead to continued adoption of Bitcoin and other cryptocurrencies. The API infrastructure that they have built is aimed at empowering any bank or financial service partner to offer access to crypto within their existing consumer experiences and products. In this blog post, we will explore the bitcoin debit card and marketplace updates.

Visa’s roll out strategy is powerful. Visa is partnering with First Boulevard, a neobank focused on building generational wealth for the Black community, as the pilot customer for the product roll out. Bitcoin and other cryptocurrencies stand to benefit the most marginalized communities disproportionately so it is encouraging to see Visa taking the product right to those who need it most.

It would also make a lot of sense that Visa is jumping in the game after PayPal has made such a big splash recently. They are pursuing different strategies though. PayPal is going consumer-facing and Visa is going infrastructure. Both are likely to succeed, but they are very different approaches. It’s interesting watching corporations play chess with each other.

Beyond Visa and PayPal, cureently there are many bitcoin credit and debit card offerings in the marketplace. Adaption to bitcoin cards depends on bitcoin’s longtern strength.

Bitcoin debit cards let individuals make online or in-person purchases or withdraw cash from ATMs using Bitcoin, even if the vendors and ATMs don’t accept cryptocurrency. Instead of exchanging Bitcoins into local currencies, cardholders preload their debit card with a set amount of cryptocurrency which is then automatically converted at the time of purchase.   

The following is the list of Bitcoin credit/debit cards based on fees, perks, currencies supported, cashback rewards,and more. Here are our top picks.

The Best Bitcoin Credit/Debit Cards for 2021

• Best Overall: Coinbase
• Best Low-Fee Card: BlockCard
• Best for Cardholder Perks: Wirex
• Best for Cashback: BlockFi
• Best for U.S. Residents: BitPay
• Best Variety of Cryptocurrency Supported: Crypto.com
• Best No-Fee Card: Bitwala
• Best for Cashback: Binance

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