A New Debit Card has been launched by the Collaboration of Paxful and the Spanish Neobank
Just a week ago, the Spanish Neobank ‘Bnext’ and Paxful gave a huge surprise to their users and followers. Both firms announced that they are planning to develop and launch a crypto debit card for their users. Once launched, the users would be able to use the crypto debit card in Mexico.
For those who do not know about Paxful, it is a P2P marketplace that deals with Bitcoin (BTC) trading activities.
With the help of the crypto debit card, the Paxful users will have so much ease in accessing their funds in the crypto-holding accounts. Once these cards are launched, the Paxful users will be able to pay at any foreign and national point-of-sale (POS) with it. On top of that, the users will also be able to withdraw cash from the ATMs located in Mexico. The best part about withdrawals is that the users will incur no transaction fee charges for withdrawals.
As far as the Spanish Neobank ‘Bnext’ is concerned, its users will also have many benefits to avail. The Bnext bank users will gain direct access to Paxful’s P2P marketplace. This will help the Bnext users to sell and buy cryptocurrencies, where Bitcoin (BTC) is on the top of the list.
Paxful revealed why it has collaborated with Bnext to introduce a new crypto debit card for Mexican users. The company revealed that the Mexican banks have started imposing too many restrictions and strict regulations on their users.
This is why many people from Mexico have started moving towards the cryptocurrency platform. To support their claim, the company quoted the stats recently revealed by a Mexico-based cryptocurrency exchange ‘Bitso’.
Paxful revealed that as per Bitso, they have experienced a 342% increase in their volume from November of 2019 till July of 2020.
At present, Paxful boasts of having a list of more than 300 payment methods and Bnext would be its latest addition. Paxful has prominently known among the Bitcoin (BTC) users as it allows them to buy, sell and trade Bitcoin (BTC) as well as other cryptocurrencies through its platform.
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