Polkadot Card:- The acceptance of crypto as a payment method for real-world services is growing. Many established brands have started accepting digital assets; for example, leading fast food chain, Steak ‘n Shake now allows customers to pay with cryptocurrency.
However, most of the available options today are limited to stablecoins or Bitcoin. In order to integrate more crypto options, Nova Wallet has launched the first of kind Polkadot Debit Card.
Launched in Partnership with Mercuryo and MasterCard, the card enables users to pay using DOT tokens. Polkadot teased the announcement as “Didn’t expect this today. But yeah, you can buy coffee with DOT now.”
As of writing, Polkadot (DOT) is trading at around $4.17 per token. With a market cap of near $6.60 billion, it has a total circulating supply of about 1,583,910,015 DOT, according to coinmarketcap data. Thus, the Polkadot card aims to bring these circulating DOT tokens for real-world usecases.
Polkadot Debit Card allows users to swap and pay using DOT tokens which are then changed to fiat. The card can be well integrated into Apple Pay or Google Pay wallets.
The debit card is initially available across the European Economic Area (EEA) which includes Spain, Sweden, Portugal, Italy among others. It is denominated in euros (EUR), catering specifically to users within the European Union.
By topping up their Nova Polkadot Debit Card with DOT tokens, users can make purchases without having to manually convert cryptocurrencies beforehand.
Nova Wallet has further indicated plans to expand availability to additional regions beyond the EEA in the coming months.
As per the Press Release shared with BrandTalk, the company expects to introduce new fiat denominations, support for additional cryptos, and advanced financial tools.
💳 POLKADOT DEBIT CARDS JUST LANDED!
Nova x Mercuryo bring you a crypto debit card in Nova Wallet v10.
Top it up with DOT and spend anywhere Mastercard is accepted — online, in-store, on the go!
Polkadot Debit Card by allowing users to spend DOT tokens as easily as fiat currency is expected to increase the utility of DOT. There are nearly 1.5 million unique addresses holding DOT tokens. This can also help in driving broader adoption among both retail and institutional users.
As crypto’s real-world acceptance expands, brands are racing to develop new payment methods. For example, Gemini, the leading crypto exchange, is also driving an aggressive campaign around its revamped Gemini Bitcoin Credit Card.
Thus, incentive-driven and user-friendly solutions like these can genuinely accelerate broader crypto adoption in everyday transactions.
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With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Brandtalk section, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.
CoinGape is a burgeoning blockchain and crypto media company. It was recently awarded as the Best Crypto Media Company 2024 at Global Blockchain Show, Dubai. Our goal is to keep industry professionals up to date on the most recent news and developments. We are a team of experts who take great pride in offering unbiased and well researched information to help our readers make informed decisions. Read our Editorial Policy
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