Bitcoin has an established reputation of being a censorship-resistant store of value. Several merchant networks like Microstrategy and Tesla are moving their corporate treasuries to BTC.  PayPal, Visa, and Mastercard are accepting it widely.

More than 12,000 Bitcoin ATMs have been deployed by the end of 2020 and more will be in 2021.  There are Visa credit cards which permits users to earn Bitcoin as rewards.  Several companies are accepting Bitcoin payments.  The digital scarcity of BTC makes it to appear like digital gold to investors.

Investopedia points to how Bitcoin debit cards are based on fees, perks, cashback rewards, and currencies supported.  The Best Bitcoin Debit Cards for 2021 are Coinbase, Bitwala, Wirex, Binance, BitPay, Crypto.com.

Investopedia rating is as follows: Coinbase the best overall, Bitwala Best No-Fee Card, Wirex Best for Cardholder Perks, Binance – Best for CashBack, BitPay – Best for US Residents, and in terms of the best variety of cryptocurrency supported it is Crypto.com.

Investopedia has published, “Bitcoin debit cards let individuals make online or in-person purchases or withdraw cash from ATMs using Bitcoin, even if the vendors and ATMs don’t accept cryptocurrency. Instead of exchanging Bitcoins into local currencies immediately, cardholders preload their debit card with a set amount of cryptocurrency which is then automatically converted at the time of purchase.”   

At a point in time when people are wondering if Bitcoin can be used for everyday payment, Bitcoin Debit Cards are already in the markets and in full-time usage.  There are also several cryptocurrency payment apps already available in the market to facilitate cryptocurrency payments.

Coinbase Commerce, Electroneum, Circle Pay, BitPay, Coinomi, CoinGate,  CryptoPay, Blockconomics, Confirmo, Gocoin, Paytomat Wallet and many others.

While many are getting ready to spend their Bitcoin, hardcore believers in the BTC who see it as a hedge against inflation do not want to spend it, they believe it is best to hold it for the value it delivers.

Bitcoin’s decentralized and borderless design, its lack of foreign exchange exposure, its speed and cost advantage in moving money, the security of its payments, and its traceability is making it move towards the mainstream market.  In the future, the expectation is for BTC to become a Trade Currency, thus creating new opportunities.

Reportedly, there continue to be obstacles in BTC adoption for institutional investors for several reasons like capital efficiency, insurance, custody, security, and ESG considerations from Bitcoin mining. Security issues with cryptocurrency are still there, but when compared to traditional payments, BTC is cosndiered to perform better.