On 22nd March, Techround reported that Change launched a new crypto investor card to streamline the use of digital assets. According to the report, this card offers swift transactions and payments to shops accepting traditional cards. The launch of the app aims to help speed up the adoption of crypto globally.
Change New Investor Card
Earlier today, Change and investment company announced the launching of a card allowing investors to pay swiftly with crypto. Change is an investment network enabling investors to buy and sell bitcoins and maximize their crypto returns. It has now launched an investment card that would allow users to make faster transactions.
According to sources, this card is relatively different from the preceding traditional cards. Using traditional cards, investors must use two transactions to complete one payment. Essentially, it involved sending the funds from your account to the card and later using the card to pay.
However, reports indicate that Change’s new investor card allows inventors to complete transactions more efficiently. Essentially, the card comes with an app connected to the account. Hence, investors can complete transactions using just one tap on Change’s app.
As long as shops accept traditional card payments, customers can pay using digital currencies. This new Change card allows you to pay for transport, food, services, and purchases using any digital currency in your wallet.
Change Speeding Crypto Adoption
Some investors believe that the recently launched Change investor card can easily foster faster crypto adoption. While many have heard about crypto, only a tiny percentage have invested in crypto. According to a recent report, many people would like to use crypto to protect their funds against inflation. But, complexity has been the biggest hurdle for the growth and adoption of crypto.
However, the Change network believes that this new tool will eliminate
complexity and introduce efficiency. Change’s founder even said that the card “removes a key hurdle for mainstream crypto adoption by taking the complexity out of payments and enabling nearly any product or service to be paid for by crypto. This follows in our continued commitment to removing the barriers and complexities to wealth creation for all.”
Accordingly, Change will be incentivizing investors into using the new card. The Techround release indicates that Change will encourage mainstream adoption by offering 7% APY to the Change investment card users.
Recent Growth in Crypto Adoption
Crypto has been going mainstream recently. Governments and large institutions have joined the crypto world in different ways, including the metaverse, NFTs, and even purchasing coins. A few months ago, Addidas, a wearable company, announced plans to join the metaverse. Addidas has been making strides towards the launch of its metaverse.
Gamestop, a company dealing with gaming device sales, also recently announced plans to launch an NFT marketplace. Gamestop partnered with Immutable X for the same purpose. El Salvador, late last year, announced and began using bitcoin as a legal tender. These instances show the most recent cases of crypto adoption. Change’s new investor card could foster more individual, institutional, and governmental crypto adoption.