💳COTI To Launch Visa Debit Cards And Bank Accounts

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💳COTI To Launch Visa Debit Cards And Bank Accounts

Hey Blockster,

While it was rather hard to purchase crypto with fiat in the early days, nowadays, it gets easier and more cost-efficient every day to deposit funds to buy coins via a bank transfer or a debit card.

As the asset class has been maturing and a working infrastructure has been built around cryptocurrencies, an increasing number of traditional and crypto-focused payment providers are offering seamless on- and off-ramps between the fiat and digital asset worlds.

One of them is COTI, a well-known crypto-friendly and blockchain-powered fintech ecosystem. It has recently announced a new partnership with the Simplex financial institution to roll out Visa debit cards and bank accounts for its clients over the EEA and the UK.

According to the company's announcement, its customers within the supported regions can create an IBAN account and order a VISA debit card that they can connect to COTI's financial ecosystem to seamlessly swap between fiat and digital currencies with a built-in service.

The offering is launched in multiple phases, with the first including a total of 8,000 debit cards that are distributed throughout two separate rounds – 3,000 during the first and 5,000 during the second round.

To learn more about COTI's IBAN and debit card offerings, we recommend heading to the following link.

Be sure to check out today's collection by taking a look at the Blockdesk articles below:

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Kraken Discovers Security Flaws in Bitcoin ATMs – Crypto ATMs offer a convenient way to exchange fiat and digital assets physically. That said, you should be cautious with a manufacturer's machines, as the Kraken crypto exchange's security team has recently discovered security flaws related to them.

Losing Money in Crypto Can Be Devastating – Resources for Mental Health Help – If you have spent a few weeks (or even just a day or two) in the crypto industry, you have then probably come across the phrases "to the moon" and "lambo." Indeed so, many have gained exposure to cryptocurrencies to increase their wealth. Although, there are times when you lose money with your crypto investment, which can cause distress for some.

Crypto Betting, Gambling, and Lotto - All You Need to Know – Due to the lack of intermediaries as well as increased anonymity and transparency, one of the earliest use-cases of cryptocurrency was in the gambling and sports betting industries. And, in this article, we will explore everything you should know about crypto gambling.

These are all the articles we have collected for you this week. Hope you enjoyed the content; we will return with more stories on Monday. Be sure to have a good rest until then!

Cheers,
The Blockster Team
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