Crypto Cards to Connect Digital Assets to the Real World, Says Executives

Simone Binotto Torre explained that some parameters, such as geography, could make it difficult for crypto cards to be widely adopted.

At the Blockchain Economy Dubai Summit 2022, Cointelegraph spoke with Codego CEO Simone Binotto Torre about crypto cards. During the talk, executives argued that one of the catalysts for wider adoption was the simple ability to make purchases in crypto via credit or debit cards.

According to Torre, the ability to use virtual currency to make purchases in real-world stores and shops remains one of the most important applications for digital assets, even though Web3’s use cases dominate this space. is.

Executives stressed that it is important for holders to be able to easily purchase goods and services with crypto, and building a banking platform where cards can automatically convert crypto into fiat currency is essential for the community, He said this is what their team wanted to focus on. He said:

“This is important because users are likely to spend money in real life. […] Of course, we build a bridge between the crypto-virtual world and the real world. “

Aside from crypto cards, the executive also commented on the current state of the crypto space and encouraged the community to be patient during this time. said. he explained:

“In my opinion, the original concept of crypto like invest then hold is a bit lost. So people like to speculate, but for me now is the time to invest and be patient. ”

When asked about the current state of crypto card providers within the blockchain space, Torre replied that there are still many limitations. He explained that some parameters, such as geography, could make it difficult for crypto cards to spread.

Related: Mastercard’s Latest Partnership To Help Banks Distribute Crypto Cards

The executive also emphasized the importance of cryptocurrency cards supporting smaller cryptocurrencies rather than just focusing on big names such as Bitcoin (BTC), Ether (ETH) and Solana (SOL). . Torre believes this will give users the option to use lesser-known ciphers and keep more popular ciphers they don’t want to part with.

Crypto Cards to Connect Digital Assets to the Real World, Says Executives

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