In a move that is sure to send shockwaves throughout the cryptocurrency community, customers in Singapore will be able to use their Visa debit cards to spend Bitcoin and other cryptocurrencies at all retail locations that accept Visa payments. The service will be provided in partnership with Crypto.com, a leading provider of cryptocurrency services. It will allow customers to use their Bitcoin and other cryptocurrencies to make everyday purchases without converting them to fiat currency first.
This is a major development for the cryptocurrency industry, as it will make spending on Bitcoin and other cryptocurrencies much more convenient and mainstream. It is also a sign of confidence from Visa in the long-term viability of cryptocurrencies as a form of payment.
The service will initially be available to customers of Crypto.com in Singapore, but there are plans to roll it out to other countries in the near future. This is a major step forward for the cryptocurrency industry and will help to legitimize it further in the eyes of the mainstream.
