Debit cards are financial instruments linked directly to a user’s bank account. They allow individuals to make purchases or withdraw cash by deducting funds immediately from their available balance. In the digital asset sphere, debit cards are increasingly being issued that permit users to spend their cryptocurrency holdings at traditional merchants.
Context
The current discussion around debit cards in the crypto space centers on their role in bridging the gap between digital assets and everyday commerce. Key developments include the expansion of crypto-backed card offerings, the integration with various payment networks, and the regulatory scrutiny these products are attracting due to their association with volatile digital assets.
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