The Currency Analytics
By Ayobami Abiola
The beauty of cryptocurrency in remittances is the ability to securely and transparently make cross-border transactions without delay and with a low fee.
Coinbase, on 28th October, announced via a blog post that it will soon allow its customers to use Visa debit cards for spending their crypto.
They can make withdrawals via Automated Teller Machines (ATMs) or use it to buy groceries in shops.
“Coinbase Card holders can spend directly from their Coinbase accounts without having to move funds to their bank accounts.
Even better, users can opt to earn 4% back in Stellar (XLM) or 1% in Bitcoin (BTC). This is a reasonable move considering the scalability and fee charges on both platforms.
The thin blue lines that will set “usable cryptos” apart from others, in this way, will be their scalability and average fee per transaction.
It will be no surprise if the fees charged on BTC withdrawal via Visa debit card is higher than that on XLM for obvious reasons stated above.
Stellar Development Fund (SDF) envisions a world where everyone (including those who are financially excluded from bank services) will be able to use XLM easily and XLM to serve…