Two credit cards have recently been approved in Australia, one a Mastercard and one a Visa.
Recently, Australian cryptocurrency exchange Coinjar began offering a prepaid Mastercard, and now another startup CryptoSpend is offering a prepaid card as well. This may be a game changer in the Australian crypto marketplace, as the need to spend crypto increases.
Many people who wish to use their cryptocurrency returns to pay for products online are facing roadblocks and forced to sell their crypto, whose fees eat into their profits. Instead, to pay for products with crypto directly without having to pay the exchange fees first offers a way to turn crypto into cash fast and cheaply.