Why Bitcoin Debit Cards is a Small, But Promising Industry Sector

Bitcoin continues to confidently make its way to mass adoption. The replication of traditional financial system elements was always an unavoidable attribute of this process; and finally, it came to debit cards.
Someone thinks that entering debit cards makes intuitive sense in terms of making Bitcoin spending mainstream; someone thinks of it as of temporary solution in a way to something more. We’ve explored, what makes this market tick and how will it develop in the near future.
Small, yet impactful
Bitcoin debit card market is quite new, and there’s not really much to tell about its history. It’s commonly assumed that everything started in 2014 – back then, mass media talked about Xapo, the company that debuted with first Bitcoin debit card. Soon, it was no longer something unique: the niche started growing dynamically, and already in this year the segment became diversified enough to offer the opportunity to choose among many various solutions. Today, more than 20 companies provide Bitcoin debit card services for tens of thousands cardholders across the world.
The launch of an owned Bitcoin debit card was also the initial idea of UK-based financial solutions provider Spectro Finance. The company came up with this idea probably earlier than anyone else in the market, in 2013.

This post was published at Coin Telegraph on 2016-10-19.