Are crypto cards still a thing in 2024? Industry weighs in

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Crypto cards will keep progressing to add more control and speed with self-custodial and LN features, according to Bitrefill co-founder and CEO.

The cryptocurrency industry has long offered a multitude of payment cards featuring benefits like cashback and interest. As new crypto cards are actively introduced, one may wonder what’s next for crypto cards and what will keep them relevant in 2024.

The spending functionality helps users save on exchange fees, combat inflation, and use their Bitcoin while traveling without worrying about foreign exchange, he added.Kotliar pointed out that the variety of crypto cards — including those offered by exchanges like Bitrefill and Bitwala — highlights their adaptability to different user needs and preferences. He stated:

“The trend toward decentralized finance integration, allowing users to earn interest or rewards directly through their card, could also become a significant vector of growth,” Kotliar stated.“The Bitrefill card continues to operate with its self-custodial wallet, allowing users to hold and store their BTC securely,” Kotliar said, adding that users can transfer the amount to the card whenever they want to spend their Bitcoin.

 

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