Since the start of crypto, a lot of users have doubted the use cases of such technology in the real world. A lot had given their opinion regarding the new industry as a waste of money and something without value.
As time goes by, and as the importance of crypto unfolds, and crypto cards are the material and physical evidence that it is indeed with the use case and not just something to play around with.
The dawn of crypto cards opened doors for limitless possibilities of spending cryptocurrencies like no other. A decentralized card that can be loaded with value anytime and anywhere without the need for taxing log-ins and transaction fees that further lessens your holdings.
It is a marble that, at this time and age, a new era will commence as projects similar to PrivacySwap will release their very own crypto debit cards for their community to enjoy and benefit from.
Also Read: Bitcoin technical analysis for beginners
PrivacyCards: Powering through the future
There will be four (4) new crypto debit cards that PrivacySwap will release alongside the launching of its very own Decentralized Exchange or DEX. To obtain one, all you have to do is stake PYDEX, its native token. The following will be the staking requirements for each card:
Black Premium Tier, when you stake USD 200 worth of PYDEX
Black Metal Tier, when you stake USD 1,000 worth of PYDEX
Silver Metal Tier, when you stake USD 1,000 worth of PYDEX
Gold Metal Tier, when you stake USD 2,000 worth of PYDEX
But of course, the higher the tier that you get, the higher the rewards will be. For the Gold Metal Tier card, you will have as much as 10% incentives each time you transact with your PrivacyCard compared to the Black Premium’s 2%.
Furthermore, the upper tier cards will also have a higher loading capacity compared to the lower tier cards. For the Gold Metal Tier, each card holder will have a monthly top-up limit of $150,000 USD compared to Black Premium’s $30,000 USD.
With this crypto debit card, its holder will be able to spend crypto seamlessly anytime, anywhere. This eliminates the extra step in purchasing something or paying bills using crypto as they can use it similar to a normal debit or credit card.
Aside from its convenience, it will also serve as a passive income for users, as while their crypto is idly staying in their account, it will still earn interest. Once they already have their cards, they can also earn rewards when they refer them to friends and family, unlike the traditional debit card system operated by centralized banks.
On what powers the PrivacySwap
PrivacySwap’s PrivacyOracle is what makes the PrivacyCard possible. It is the technology behind the card-loading system, and without it, PrivacySwap’s highly anticipated PrivacyCard wouldn’t have become a reality.
The goal of PrivacySwap
PrivacySwap’s goal is to create a debit card that accepts PYDEX. The blockchain technology has recently been more popular, and as a result, people are getting more interested in how cryptocurrencies might be utilized as a “money alternative.”
PrivacySwap aims to give cryptocurrency consumers the greatest service and security while they farm and stake their coins on the PYDEX platform.
If you’re looking for a crypto debit card, PrivacySwap’s PrivacyCard is the way to go!
Also Read: How to: Calculate your crypto taxes
Come and join us now! For projects out there that aim to be listed on our DEX, reach us out through this form.
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