TenX is pitching its debit card as an instant converter of multiple digital currencies into fiat money: the dollars, yen and euros that power most everyday commerce. The company said it takes a 2 percent cut from each transaction, which are limited to $2,000 a year, and has received orders for more than 10,000 cards.
“You’re mixing two worlds that are night and day,” co-founder Julian Hosp said in an interview. “When the user spends the cryptocurrency, we have to instantly switch these currencies to fiat and pay to Visa straight away. It’s a lot of pathways."
Read the rest here : https://www.bloomberg.com/news/articles/2017-07-23/singapore-startup-counts-on-visa-to-take-bitcoin-into-real-world
@adm you're a dick for down voting, why not go take your steem you are powering down and buy some friends.....
It's crazy to think that someday we might be able to use cryptos to pay for things outright in day to day life
Its coming up!
Do you ever see crypto so mainstream that no converting back to fiat is ever required?
Yes, people ask me all the time, "one day will I be able to sell this for a lot of money?" and I tell them the way things are going, you won't have to sell it.