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- Bitsa, the European prepaid payment card, now supports TRON on the platform allowing users to exchange TRX holdings for fiat currency at a merchant terminal for payments.
- TRX holders can now experience the same transaction speeds and security of TRX payments even at merchants that don’t accept it.
- The Bitsa card is not linked to any bank account, and users can order a physical contactless card or a virtual card managed through the Bitsa app.
Bitsa, the European prepaid payment card, now supports TRON on the platform allowing users to exchange TRX holdings for fiat currency at a merchant terminal for payments.
This allows for the cardholders to make payments using legal tender cash and pay in any store that accepts Visa, while also having the benefits of making transfers to other accounts and Bitsa users instantly.
Support for TRON means, TRX holders can now experience the same transaction speeds and security of TRX payments even at merchants that don’t accept it.
#TRX is supported by @BitsaCard. Users in Europe can pay with $TRX via Bitsa. It allows users to change their #crypto for Fiat. Users can pay with legal tender money in any store that accepts #Visa, make transfers to other accounts & even to other @BitsaCard users instantly. https://t.co/ZdkZdjqCtL
— H.E. Justin Sun 孙宇晨 (@justinsuntron) February 8, 2020
The Bitsa card is not linked to any bank account, and users can order a physical contactless card or a virtual card managed through the Bitsa app.
Where they can load the card up with money from bank transfers, cryptocurrencies, or vouchers that are available in associated physical stores, the company accepts Bitcoin, Bitcoin Cash, Litecoin, Dash, Ripple, Stellar Lumens, Zcash, Ethereum, Dai, and now TRON.
When the payments are made at a merchant terminal, Visa secures the transaction, and Bitsa converts the cryptocurrency into legal fiat currency and transfers it to the merchant making payments more unified.
The company also allows users to make SEPA transfers that allow any type of payment to financial institutions in the Single European Market Area quickly and securely. The prepaid nature of the card also allows for lesser transaction fees with none of the account restrictions that normal debit/credit cards come with.
Bitsa is a subsidiary of Bitnovo, a Spanish cryptocurrency exchange that allows users to trade cryptocurrencies throughout Europe and has scaled cryptocurrency services throughout many merchants in Spain.
Aims to do so in other European countries as well. Bitsa also offers a card for teenagers from age 14 to 17 that allows parents to monitor expenses and allows for transfers with no additional fees.
Bitsa also solves the problem of having to carry around multiple cards as money from various sources can be loaded into a Bitsa card and be used anywhere normal card payments are accepted.
The benefit of Bitsa’s technology is the way it brings cryptocurrency transactions to the mainstream by allowing users to make payments using their crypto holdings without the merchant supporting the cryptocurrency.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
