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UK cryptocurrency exchange startup launches debit card for spending bitcoin

UK cryptocurrency exchange startup launches debit card for spending bitcoin – London Block Exchange has announced that to make digital currencies more tangible it will be releasing a debit card that will let users convert their cryptocurrency to sterling at the point of sale. While the move could boost adoption, and use of digital currencies, it will come at a high cost with London Block Exchange taking a 0.5% cut on each transaction. While the new debit card is unlikely to become mainstream, it highlights how new fintechs could take digital currencies to the masses in the future.

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Published inFintech

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