[Payeer](https://payeer.com/en/) was founded in 2012 as an e-wallet that enables users to receive money and shop online instantly without linking their external financial details, such as bank accounts, to their accounts.

Users in more than 200 countries can access it. Many people have taken to the idea of using the wallet because, like competitors such as PayPal, Neteller, and Skrill, it has a built-in payment exchange for systems such as VISA, Mastercard, Epay, QIWI, Advcash, and PerfectMoney.

## Payeer can be integrated with websites 

One of the reasons why millions are using the Payeer wallet is due to its numerous features. Like competitor wallets, individuals or organizations can integrate the service with their websites so that they can send, exchange, or accept fiat and cryptocurrency on their platforms. 

Some of the fiat currencies available to account holders include, but are not limited to, the US Dollar (USD), Euro (EUR), and Rouble (RUB). Cryptocurrencies accepted include [Bitcoin](/news/article/will-bitcoin-go-back-up) (BTC), [Ethereum](/news/article/why-is-ethereum-going-down) (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), Tether (USDT), Ripple (XRP), Dogecoin (DOGE), and TRON (TRX). 

Due to the advancement in technology, users of smartphones and devices supported by iOS and Android can access the Payeer application. The app can be found on the Apple and Google Play Store. 

## Conclusion

With many wallets being created daily to meet the demand for intermediaries that can be used to access other financial opportunities, this wallet is one of the most promising.

While users can enjoy the benefits of a cryptocurrency exchange, they can also utilize it as a multicurrency account and issue instant payments, as well as transfers, without entering passwords.

More importantly, you should know that you are joining a large number of people contributing to the current revolution of the whole centralized financial systems should you become a wallet holder.


What is Payeer and Why are People Using It?

The need for alternative forms of payment has never been greater. The rise of Web3 payment solutions, like Kasta crypto, proves this need is more than just a passing trend.

The Web3 payment provider Kasta was developed to expedite the adoption of decentralisation while providing a viable medium of digital exchange.

Built on the Polygon network, Kasta crypto is an [ERC-20](https://en.wikipedia.org/wiki/Ethereum#ERC20) token allowing holders to send and receive the same coins instantly and for free. This simplicity and ease of use will make the platform a hit in the digital revolution.

## Simple yet powerful

The project has been designed with simplicity in mind, making the transfer of digital assets safe and convenient. Holders can send tokens via mobile number or by simply scanning the QR code. Using crypto has never been easier.

At its core, the project is a basic wallet application with various features encouraging everyday use. This accessibility means anyone can quickly learn to use the platform for their own benefit.

The application is a powerful all-in-one wallet allowing even the most novice crypto users to enter the Web3 world. While the platform only supports eight coins so far, they include some of the most popular tokens on the market.

## Easy Swap

The platform's native token is the [$KASTA coin](https://coinmarketcap.com/currencies/kasta/markets/) which is currently available at a wide variety of exchanges, including Gate.io, UniSwap, and ByBit.
With a current circulating supply of 129 million priced at $0.0266 per coin, the total market cap is $3.4 million.

The 'Easy Swap Engine' allows holders to choose which token to receive, regardless of the coin sent. For example, should a friend send Bitcoin, you can simply change your settings to ensure that all crypto is received in Ethereum.

Kasta crypto token forms the backbone of the application, and, alongside P2P payments, it will soon be used for several other purposes.

## Future of Kasta

This project is a shining example of a P2P payment processor and is leading the way in blockchain adoption and Web3 development. The company has ambitious plans for the future, with many features currently in the pipeline. 

In the near term, users will be able to earn passive income by taking advantage of various yield-generating opportunities via the mobile app. Furthermore, platform users will also be able to apply for a debit card, allowing them to spend their crypto holdings in a wide variety of merchant stores. 

Lastly, all application users will be able to choose to stake their idle crypto and earn passive income.

With countries like Nigeria pushing their citizens to adopt [distributed solutions](/news/article/paybis-rewards-customers), the future of cross-border payments is about to change. Applications like Kasta crypto are at the cutting edge of the decentralised revolution and will form the backbone of the future society.


Kasta Crypto - Changing Thinking on Money

[Nexo](https://nexo.io/) is a blockchain-based ecosystem providing instant crypto loans, supporting more than 20 currencies, including the most prominent like Bitcoin and Ethereum. The platform promotes the seamless acquisition of crypto loans in fiat money without relying on credit score history. It allows users to deposit supported crypto tokens into its blockchain's wallets and then proceed to receive their cash-based loans.

## Next crypto legitimacy

To its credit, Nexo is backed by Credissimo, a fintech team with millions of users and customers. The development team possesses decades of rich experience built on delivering instant customer loans, online payment services, and e-commerce financing. Credissimo seeks to revolve its functionality in digital assets through its modern technology. 

While other projects get stuck battling the scrutiny of regulatory bodies and solid public caution, Nexo crypto is free of worries. The Credissimo team runs under bold supervision from multiple European financial and banking services authorities. It's undoubtedly a legit platform with over four million clients.

## Goals in the crypto world

The base ambition driving the Nexo crypto project is to solve the most pressing problems identified by its developers in the financial industry.

Nexo wants to eliminate the idle state of digital assets, particularly with the proliferation of cryptos. As the mainstreaming of cryptocurrencies is ongoing, early adopters of this technology have accumulated enormous wealth. The developers are looking to touch base with investors, people in business, and non-professional users to let them tap into this wealth. Due to a lack of regulations and inadequate tech infrastructure, the accumulated idle wealth isn't beneficial. With Nexo, users hold crypto assets and secure access to cash in fiat currencies like USD.

Liquidating digital assets is tiresome and Nexo cuts down the process with readily available cash. While there are numerous crypto exchanges, each platform comes with unique requirements that vary drastically across these platforms. Furthermore, their withdrawal limits and slow procedures are unsuitable in a digital economy. Nexo seeks to eradicate these issues, giving more agility for seizing investment asset opportunities and accessing liquidity in less time.

Nexo frees users from the pressure of selling digital assets for fiat. Users profit from future prices tied to digital assets based on time. Crypto loans are an alternative to selling and allow users to keep capital gains while enacting wealth creation activity with their assets.

Fostering transparency and immutability on crypto loans, Nexo crypto loans are deployed on smart contracts in blockchain architecture. Users' funds are held in cold multi-signature wallets with verified custody standards through digital security companies; in this case, it's BitGo. In the preceding blockchain protocols' loan transactions, management was in the hands of peer-to-peer platforms relying on questionable legal agreements and often escalated to fraud. 

With Nexo, transactions' legal status is asserted by blockchain technology and further backed by the [Credissimo team](/news/article/what-is-blockchain).

## The Operation Model

Loans are channeled into users' accounts on the same day or the following through bank transfers involving SEPA, ACH, or SWIFT. If you opt for the instant ones, you get paired with the free Nexo card. The recipient's accounts are flexible – they can either be personal or business.

Loan limits are calculated basing the value of a user’s crypto assets. Moreover, additional credit is available with an appreciation of the assets.

Nexo Oracle, the heart of this platform, manages its operation domains which include the following:

•	Network governance.

•	Monitoring assets in real-time.

•	Analyzing data to manage loan distribution and repayment plans.

•	Determining users' loan limits, borrowing costs, collateral, and repayment period.

To establish clients’ credit worth without needing to check bank accounts’ ratings, Nexo Oracle calculates the Loan to Value (LTV) ratio. For instance, a user with 1000 USD in Bitcoin (BTC) gets assessed by Oracle’s algorithm to receive a 50% LTV ratio; the user can only borrow up to 1000 USD as the minimum fiat loan.

## Accessing and repaying Nexo crypto loans

### To get a loan, follow these steps:

1.	Transfer crypto assets into your Nexo account. After completion, the blockchain system initiates a series of validations for the specific asset. Based on the validity evaluation, Oracle determines your loan limit and prepares to issue it.

2.	You then receive an instant loan in fiat currency through your preferred option – a bank account or Nexo card. Again, you are given the freedom to choose which fiat currency to receive your loan. If your asset appreciates, Oracle increases your limit instantly.

3.	To repay your loan, you can choose between bank transfers and crypto. There would be additional discounts if you decided to repay using Nexo tokens. Alternatively, you can partially repay your loan by selling your account's crypto assets.

4.	Cryptocurrency in a Nexo crypto account can be withdrawn either fully or partially as long as you meet the obligatory limit tied to your account balance.

## Nexo crypto token availability

The native token for Nexo is NEXO, which is traded as a restricted security. Other perks include higher loan limits and a 30% profit share for holding NEXO. The total supply at the market cap is set to 1,000,000,000. It is available for trading on crypto exchanges like HitBTC.

## Final thoughts

As the crypto industry rises and sees mass adoption, crypto lending offers an opportunity for a trillion-dollar venture. If you want to unlock assets’ value without giving out ownership, Nexo is the best option.



What is Nexo Crypto?

Despite the downturn of the cryptocurrency market, there are still remarkable innovations. A recent one has come to light in a [blog post](https://usa.visa.com/solutions/crypto/auto-payments-for-self-custodial-wallets.html) written by Visa crypto thought leaders. In the blog post, they outlined a proposal for a Visa crypto wallet powered by the Ethereum blockchain for Web3 auto payments.

Users could automatically pay for transactions without signing off on each one individually.

This proposed solution was based on a February internal hackathon among Visa employees aimed at solving the problem of how an Ether owner can pay bills with cryptocurrency in the future without an internet connection. 

The proposal for the Visa crypto wallet comes at a much-needed time due to the loss of investor's confidence in cryptocurrency caused by situations including the downfall of [Luna](/news/article/terra-luna-collapse) and, more recently, [FTX](/news/article/ftx-bankrupt-who-to-blame), the second biggest exchange leading to losses worth billions of dollars in customer funds. The crypto wallet proposed by Visa would use the "Account Abstraction" process proposed by Vitalik Buterin, the founder of Ethereum, in 2015.

## How does account abstraction fit into Visa's vision?

[Account abstraction](https://eips.ethereum.org/EIPS/eip-2938) refers to converting a smart contract into a wallet, also known as "delegable wallets". It was formalized in 2017 as an Ethereum improvement proposal (EIP-86). To realize the concept of an AA-based self-custody wallet or delegable account, the Visa team proposes that user accounts function like smart contracts. This would allow people to schedule transactions automatically and without the involvement of a central entity.

"This application could allow a user to set up a programmable payment instruction that can push funds automatically from one self-custodial wallet account to another at recurring intervals, without requiring the user's active participation each time," the blog post said.

The team has begun work on the Visa crypto wallet, claiming it has successfully created delegable accounts on a private chain using Starknet. This Layer 2 scaling solution supports the account abstraction concept.



Visa Crypto Wallet Plans Outlined

[COTI Pay](https://coti.io/coti-pay) is a revolutionary payments platform built on [COTI (COTI)](/news/article/what-is-coti-crypto), enabling users to engage in both traditional and decentralised finance (DeFi). COTI is a layer-1 [blockchain](/news/article/what-is-blockchain) that has developed a state-of-the-art consensus algorithm, called Proof of Trust (PoT). Compared to consensus mechanisms like Proof of Stake (PoS) and Proof of Work (PoW), PoT may lower transaction costs and enhance throughput to as much as 100,000 TPS!

Hence, the platform represents a breakthrough in digital financing and payments, powering low-cost and instant settlements and financing options, easy transactions, and acceptance of all payment methods (both online and offline). A culmination of these features results in the platform serving at the helm of a [borderless global economy](/news/article/russia-approves-cross-border-crypto). Here is why the payments platform truly stands out:

## COTI Pay consumer benefits

•	Rapid and secure payments.

•	Cashback rewards and loyalty points.

•	Prepaid virtual debit card availability.

•	Protection for buyer-seller transactions.

•	Users may buy cryptocurrencies using credit cards.

## COTI Pay merchant benefits

•	Immediate settlements.

•	[Low transaction costs](/news/article/layer-2-growth).

•	Availability of financing options.

•	High-interest earnings on balances.

•	No FX fees.

•	Protection for buyer-seller transactions.

•	Loyalty programmes and white-labelled coins.

•	SDK packages and plugins.

•	Wide support for both the banked and unbanked.

## Setting up your COTI Pay VIPER wallet

Opening and setting up an account is fairly straightforward and I recommend following [this step-by-step guide](https://cotinetwork.medium.com/how-to-open-and-set-up-your-coti-pay-viper-wallet-ac23c558f0e7). In a nutshell, here are the steps you must follow:

•	Open a COTI Payment System (CPS) account.

1.	Sign up.
2.	Verify your email address and enter your personal information.
3.	Verify your account.

•	Log in to your CPS account.

1.	Set your Secret Key.
2.	A Seed phrase will be generated. Note down and secure it.
3.	Log in to your wallet using either the Secret Key or Seed phrase.

•	All done! You can now generate a wallet address (as many as you require) and maintain all wallet addresses by accessing your Address Book.

## COTI Pay marries traditional and decentralised finance

Note, the goal of the payments protocol is NOT to eliminate traditional finance (TradFi), but enhance it by marrying the best of DeFi to TradFi. Hence, the payments protocol enables users to enjoy the best of both worlds.


blue image of crypto altcoins with coti logo

COTI Pay and Why You Should Consider IT 

The US fintech company [ZELF](https://zelf.co/) has launched a new Visa debit card that gives users a [crypto payment option](/news/article/best-crypto-card-uk) with anonymity.

The newly unveiled card can be used at more than 80 million Visa locations around the globe.

It also allows users to open a USD checking account easily. It only requires your name, phone number, and email address. As a result of this, users don't have the hassle of providing a long list of documents. You can create accounts without providing proof of address or social security number (SSN).

![zelf.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/zelf_9aa5caf3db.png)
 
ZELF’s virtual debit card is compatible with both [Google Pay](https://pay.google.com/) and [Apple Pay](https://www.apple.com/apple-pay/). The company claims that users can open an account within 30 seconds. They can also recharge the cards with both fiat and crypto. In cryptocurrencies, the currently available options include [Ether](/coins/eth), [USD Coin](/coins/usdc), and [Tether](/coins/usdt). However, users will likely have more than 20 other tokens in the coming years.

## ZELF and Visa collaboration

[Visa](https://usa.visa.com/) is one of the leading digital payment networks. Recently, it has been active in the fintech field and partnered with several firms. It has worked with many famous names in the industry, such as Chime, Airwallex, Finaxar, and others, to introduce innovative financial products.

Now, it has collaborated with ZELF - Bank of the Metaverse for this anonymous debit card. With the launch of this product, both companies are looking to provide a private and secure channel for [crypto payments](/news/article/blockonomics-explained). 

They have also reduced the verification requirements to promote digital asset adoption. The product is likely to attract new audiences and make crypto transactions more accessible for them.

The Chief Executive and Founder of ZELF, Elliot Goykhman, also believes that they can reach a "global unbanked population" because of lesser verification requirements. It will give them access to innovative and advanced financial services.


visa debit card and zelf fintech logo in blue and black

ZELF Launches Crypto-enabled Debit Cards

Blockonomics

Blockonomics has gradually become synonymous with the use of [cryptocurrencies](/news/article/impact-of-cryptocurrency-on-society) in electronic commerce (e-commerce) stores. Millions of people in today's world are open to the use of cryptocurrencies due to the possibilities of their underlying infrastructure in the form of blockchain technology. Unfortunately, many mainstream companies have yet to welcome the potential of cryptocurrencies, continuing to see cracks in the emerging asset class. 

To those still skeptical about e-commerce companies that support cryptocurrencies, Blockonomics has entered the crypto finance industry. It has the essential features to make decentralized finance transactions relatively easier for businesses and their customers.

## Blockonomics explained

As a Bitcoin payment service, [Blockonomics](https://www.blockonomics.co/merchants#/) enables its users to use its tools to accept and track Bitcoin payments. The service was launched in December 2014 when its Bitcoin wallet watcher was made available to the Bitcoin Talk Community.

Due to the project's uniqueness, around 5,000 people became registered users of the platform in January 2017. To bring mileage to the project, Blockonomics co-sponsored WordCamp Prague 2020 and saw more than 4,000 active WordPress installations. After overcoming the bears brought forth by the pandemic, which led the financial markets to their knees, the organization announced PrestaShop, an open-source e-commerce platform, as its official partner in April 2021. In July 2022, when the crypto market was healing from the bloodbath created by the collapse of the Terra ecosystem, Blockonomics became the most rated and used Bitcoin WHMCS plugin.  

The company is attuned to the current developments in the job environment and has a fully remote team distributed across several locations in Asia, Europe, and North America. 

As a payment gateway, Blockonomics has the necessary plugins that could be employed by online merchants that want to activate Bitcoin payments on their websites. Online merchants that settle on Blockonomics will see payments go directly to their wallets.

Due to the company's strong belief in decentralization, it has freed its clients from the essential element in centralized finance called Know Your Customer (KYC). The firm does not demand any documents from its customers, since the essence of blockchain technology, cryptocurrency, and Web3 is to decentralize all aspects of our lives. With no document reviews, online merchants set up accounts in less than five minutes using the company's technology.

Merchants can accept Bitcoin by connecting their accounts to popular e-commerce services such as Easy Digital Downloads, Prestashop, Opencart, Squarespace, Shopify, WordPress, WIX, and WHMCS. 

According to the official website of Blockonomics, payment links can be shared through email, social networks, and instant messaging to receive payment in Bitcoin. In addition, payment buttons can also be embedded on custom websites. 

## Does Blockonomics accept other cryptocurrencies?

Aside from the largest cryptocurrency exchange by trading volume in the form of BTC, the firm allows merchants to accept Bitcoin Cash (BCH). BCH is the native asset of Bitcoin Cash, a blockchain forked out of the original Bitcoin blockchain. BCH is primarily seen as the digital asset that performs the transactional attributes of [Bitcoin](/news/article/bitcoin-prime-review), while BTC is seen by many as a store of value. 

BCH remains a top 30 digital asset by market value despite shedding more than 90% of its all-time high (ATH) of [$4,355.62](https://coinmarketcap.com/currencies/bitcoin-cash/) in December 2017. Many people may ask why BCH was chosen ahead of others, such as Ethereum, and it's because BCH processes more transactions than BTC and ETH. ETH will be processing more transactions when its Proof-of-Stake (PoS) transition reaches full functionality. Also, BCH has a relatively lower processing (transaction) fee.

To contribute to the mission of Satoshi Nakamoto in reducing the reliance on centralized finance, Blockonomics does not charge fees for the first 20 payments received by merchants. After the 20th payment clears, the Bitcoin payment gateway charges a 1% fee for each transaction.

## Are there alternatives to Blockonomics? 

Like every product in the market today, this service has many competitors. Among them, Coinbase Commerce by Coinbase Global Inc., which runs the largest cryptocurrency exchange by trading volume in the US, is one of the biggest competitors.

This is because Coinbase Commerce is backed by a crypto exchange that houses many cryptocurrencies, giving customers options in crypto assets from which to choose. Aside from Coinbase, other alternatives include, but are not limited to, UberPay Multicoin Wallet, CoinGate, Coinomi, Mycelium Gear, Cryptopay, GoUril.io, GoCoin, OpenNode, Paytomat wallet, Plisio, Stampery, Flyp.me, Bitcompare, B2BinPay, CoinRemitter, PrivacyGate, WAGSI, Binocs, Payid19, Sendfy, and Confirmo. 

## Conclusion

Although Blockonomics may not be the best Bitcoin payment gateway in the current crypto environment, where more projects are added to the industry daily, it is one of the top gateways.

Online merchants do not have to deal with any middlemen, and there are no rules, regulations, or compliance requirements. Aside from that, even novice merchants can set up an account within minutes. The service also supports most wallets that can facilitate access to the Bitcoin network and store [BTC](/coins/btc), such as Ledger, Trezor, and Exodus.

Blockonomics operates within areas where malicious programs continue to prey on vulnerable applications. As a result, the company has the necessary security encryptions to safeguard the safety of transactions.


Blockonomics Explained

Although Bitcoin has not been officially recognized as legal cash in Brazil, the country has enacted a law recognizing crypto as a valid payment method across the country, providing a regulatory boost to the growth of the digital currency industry.

The regulatory framework established by the Chamber of Deputies in Brazil makes it possible to utilize cryptocurrencies as legal tender. [Signed under the code PL 4401/2021](https://news.yahoo.com/brazil-legalizes-crypto-method-payment-042930754.html), the legislation expands the meaning of "payment agreements" to include virtual currencies and airline frequent flyer incentives (the popular "miles").

## Brazil crypto acceptance

Legislation approving cryptocurrency payments for goods and services, but stopping short of making them legal tender, has already passed both houses of parliament and only needs to be signed by the President of the Republic to become law.

When it comes to Bitcoin regulation and investor adoption, Brazil has made significant strides. As well as having the largest number of cryptocurrency exchange-traded funds (ETFs) in Latin America, most of the country's main banks and brokers also provide services related to cryptocurrency investments, such as custody or token offerings. One of Brazil's major private banks, Ita, is also looking into the possibility of tokenizing assets as part of a future suite of investor services.

Only tokens classified as securities fall within the jurisdictions of the CVM, Brazil's counterpart to the SEC. 

After the law goes into effect, it will be up to the executive arm of government (the president and its ministers) to decide the body or institution in charge of regulating the situation. The country's Central Bank and the CVM have been the primary public agencies active in the area thus far.

The Brazil crypto law also regulates the provision of services related to the custody and administration of cryptocurrencies by independent third parties, such as Bitcoin trading platforms. Although the law does not address the issue of a digital currency by the country's central bank, significant progress has been achieved in this area.

A crucial part of the Brazil crypto rules is that service providers must keep their own money separate from their customers' money [to avoid a repeat of the FTX case](/news/article/ftx-exchange-under-investigation), in which the exchange is accused of utilizing its customers' money for its financial operations.


Brazil Crypto Acceptance Official

Vladimir Putin, President of Russia, talking at the International AI Journey Conference in Moscow on 24 November, criticised the monopoly in global financial payment systems and [advocated](http://en.kremlin.ru/events/president/news/69927) for an independent, blockchain-based settlement network. Sberbank, Russia's largest bank and a primary lender to the government, hosted the event.

## Putin aims to introduce new blockchain payment

Putin thinks that digital currencies and [blockchain](/news/category/blockchain-news) technology could be used to create a new international settlements system that is more convenient, safe for its users, and, most importantly, does not rely on banks or third-party meddling. He believes that something comparable will grow and evolve since no one likes monopolists' control, which damages all parties, even the monopolists themselves.

## Why Putin believes the new blockchain payment is the way forward

Putin also warned that global payments and nations are in jeopardy because of strained links between the West and Russia in the aftermath of Ukraine's invasion, labelling national sanctions as unlawful limits.

According to Putin, the current international payment system is expensive, and a small number of states and financial firms control its account system and regulation forms.

## Lawmakers in talks to change rules concerning blockchain payments

The day before Putin's speech, local media reported that officials were discussing modifying current cryptocurrency legislation to create a legal foundation for a nationwide exchange.

Another recent event was the introduction on 17 November of a bill into Russia's State Duma, the lower house of parliament. It authorises cryptocurrency mining and the selling of the cryptocurrency created.

The measure defines mining and mining pools legally and would establish a local cryptocurrency market, marking Russia's next move toward integrating digital assets into its economy.

Anatoly Aksakov, Chairman of the Duma Financial Markets Committee, believes that the passing of the bill will bring this activity into the legal sphere and allow for the formation of a law enforcement practice on matters relating to the creation and circulation of digital currencies. In [Russia](/news/article/russia-approves-cross-border-crypto), users cannot use cryptocurrency for their respective settlements.


Putin's Blockchain Payment System

I am here to tell you about two famous crypto card offerings from [Nexo](https://nexo.io/) and [Binance](https://www.binance.com/en) and which one you should pick.

Crypto cards are becoming famous among people as there is a rapid growth of popularity in cryptocurrency. Now people have the option to purchase anything they like with cryptocurrencies. But what are crypto cards, you might wonder?

Crypto cards are just like any regular bank debit or credit card used to pay for goods or services and earn crypto cashback. These cards are issued by crypto exchange companies partnering with the card payment companies like Visa or Mastercard.

## Nexo card

Nexo was founded in 2018 by Antoni Trenchev and others and claims to manage $15 billion worth of assets. 

The card was launched on 13 April, 2022, by partnering with Mastercard. You can use this card like a credit card without selling your crypto assets stored in your account. To put it in simple words, Nexo gives you fiat money to spend on goods and services, but instead of converting your crypto balance to fiat, it uses them as security for you to pay later. The card is accepted in 92 million stores globally where Mastercard is authorized, enabling users to spend up to 90% of the value of their crypto holdings in currency.

## Additional Features of Nexo card:

•	You earn up to 2% rewards/cashback on every transaction or ATM withdrawal.

•	It is available with Android or IOS, where you can control the card's settings.

•	You can pay interest in Crypto or fiat money.

•	Credit interest starts with 0% APR.

![nexo 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/nexo_1_cf897ec697.png)
  
## Binance Card

[Binance](/news/article/guide-to-binance-uk), founded by Changpeng Zhao in 2017, is one of the largest cryptocurrency exchanges. The card was launched in early 2022 by partnering with Visa and offers a crypto debit card. Crypto debit card converts your crypto balance into merchant's currency in real-time when you buy any item. This means you need to have an adequate balance in your account wallet when using your card. Binance card is accepted in more than a 60+million stores worldwide. 

## Additional Features of Binance card:

•	You earn up to 8% BNB cashback on every transaction.

•	It is supported by Google Pay and Samsung Pay.

•	Lowest fees in the market.

•	Hold cryptocurrency and only exchange it when you swipe your card.

![nexo card 2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/nexo_card_2_11326f3a3b.png)
  
Both crypto cards have various features depending upon the need. I hope this helps you to decide which one to choose.


Nexo Card or Binance Card?

Circle, the company behind the US dollar-pegged stablecoin USDC, has added support for Apple Pay to integrate cryptocurrencies and established payment methods.

The company announced the news in a [blog post](https://www.circle.com/blog/apple-pay-is-now-available-on-circle) published on 15 November that stated merchants who accept USDC can now do so with the help of Apple Pay.

The addition will benefit crypto-native businesses by making it easier to accept payments while not excluding non-crypto customers. Furthermore, Circle stated that "traditional" businesses could use the enhancement to "shift more retail payments to digital currency".

According to reports, [Apple](/news/article/apple-crypto-and-nft-rules) Pay is the second most popular digital wallet in the United States, behind PayPal, with more than 1.8 billion active devices worldwide.

## Issuer of stablecoin Circle adds Apple Pay

Circle and Apple's collaboration will benefit cryptocurrency-native businesses that were initially only concerned with digital assets.

This step will assist them in utilising Apple Pay's payment platform. It will also function as a payment gateway for fiat users interested in experimenting with cryptocurrency payments.

The issuer of [stablecoin](/news/article/what-are-stablecoins) Circle stated that enabling this new feature is a quick and easy process with no hassle.
Merchants who meet the criteria can open a free Circle account and be added to an Apple developer account.

## Circle's similar initiatives

Circle has taken similar initiatives to provide its customers with more payment options.

In June, issuer of stablecoin Circle added support for Polygon [USDC](/news/article/usdc-coin-losses) to its payments and treasury platform, allowing developers to automate flows from fiat into Polygon USDC and swap it for native USDC across various blockchain networks.

At Converge22 in September 2022, the company announced plans to launch [USDC on five new networks](/news/article/circle-usdc) by the end of Q1 2023.

They announced that additional merchant services would enable vendors to accept cryptocurrency payments such as Ethereum (ETH) and Bitcoin (BTC). Other features to reduce checkout friction and improve the overall payment experience are also planned.

The issuer of stablecoin Circle also hinted that there could be future improvements.


Stablecoin Issuer Circle Adds Apple Pay

When you first start investing in crypto, where do you even begin? Crypto cards are the answer to this question. These cards offer a convenient way to invest in top cryptos and get into the space at a low cost.

There are many crypto card services available in the market today, but not all of them are worth your time and money. Before you dive in and purchase any card, make sure that it meets certain criteria that make it stand out from the rest. In this article, we will explore some of the best places to buy cryptocurrency prepaid debit cards in the UK.

### 1. What are crypto cards and how do they work?

Crypto cards are a way to invest in top crypto currencies without spending much money. You can load the card with any amount of cryptocurrency and use it at digital stores around the world. These cards also offer tax-free investment opportunities as well.

This allows you to make purchases with your crypto that have tax-free benefits when you use them on your card. No matter where you go, you can use your crypto for a variety of purposes, from buying goods and services to paying for flights and hotels in other countries.

### 2. The top three crypto cards in the UK

#### 2.1 Crypto IRA

This is a great option for those looking to invest in crypto without having to worry about the volatility of the market. With a Crypto IRA, you can get all of the benefits of investing in cryptos without having to pay any taxes on your profits.
The best part is that you can use your card at any ATM or digital store that accepts Visa. You can also use it to make purchases online and in-app.
This is one of the best ways to get started with cryptos without having to put any money down. All you need is a valid ID and you can start using your card right away.

#### 2.2 Bittylicious

This is another great option for those looking to invest in crypto without having to put any money down. Bittylicious allows you to buy Bitcoin and Ethereum with a credit or debit card. You can also use it to make purchases online and in-app.
The best part about Bittylicious is that there are no fees for buying or selling cryptos. You can also get started with as little as £20.

This is a great option for those who want to get started with cryptos without having to put any money down. All you need is a valid ID and you can start using your card right away.

Bittylicious also has a great referral program where you can earn £20 for every friend that you refer.
If you’re looking to get started with cryptos without having to put any money down, then Bittylicious is the way to go.

#### 2.3 [Cryptopay](https://cryptopay.me/)

This is a great option for those looking to use their crypto for everyday purchases. Cryptopay allows you to use your Bitcoin, Ethereum, Litecoin, and XRP to make purchases at over 33 million merchants worldwide.
You can also use your card to withdraw cash at ATMs or send money to friends and family. The best part is that there are no fees for using your card.

If you’re looking for a great way to use your crypto for everyday purchases, then Cryptopay is the way to go.

### 3. How to choose the right crypto card for you

Not all crypto cards are created equal. If you don't know what you're looking for, it can be difficult to find an option that fits your needs. Before you buy, make sure that the card offers services with which you are comfortable.

For example, some cards offer a completely anonymous experience. Others don’t offer any fee discounts or protections but do provide a customer service line or the customer support team who can help if needed.

If you’re not convinced by this point about where to buy your card and want more information on how each card works and the fees that come with it, then we recommend checking out our comparison of the best crypto cards in the UK.

### 4. The benefits of using a crypto card

The biggest benefit of using a crypto card is that it provides you with an easy and secure way to invest in cryptos. Some cards also offer the option of investing in traditional fiat currencies like Pound Sterling or US Dollars and converting to cryptocurrency at the time of sale.

This means that you can invest in cryptos even if your bank doesn’t support them. This flexibility is one of the main reasons why people choose to use a crypto card to be their primary method of investing in crypto. What other investment strategy lets you buy stocks, bonds, futures, and cryptocurrencies all from one place?

### 5. Things to consider before choosing a crypto card

The most important things to consider before you make a decision about any crypto card is the initial purchase amount, signing up for recurring payments, crypto card conversion rates, and fees, transferring funds to a bank account and the delivery guarantees information that can be found on the official website of each crypto card, so it is important to do your due diligence and make sure that the crypto card you choose meets your requirements.

### 6. How to use your crypto card

First, you’ll need to open an account with the company that issued your card. Then, you’ll need to go through a verification process to ensure identity and safety. Once this is done, it will be easy to start buying crypto with your card.

Cryptocurrency cards are easy to use and can be managed on their website. Once you have purchased your card, you will be able to deposit funds into it using a wire transfer or debit card. You will then be able to buy any type of cryptocurrency available and trade it in for whatever fiat or crypto currency you desire.

Crypto cards are like cryptocurrency ATMs where they are attached directly to the blockchain so that you never have to worry about losing your money or having anything stolen from your wallet.

For more crypto guides go to [Latest Moni](/news).


The Best Crypto Cards in the UK

Mastercard and the crypto app 'hi' [launched the first NFT customisable debit cards](https://www.mastercard.com/news/europe/en/newsroom/press-releases/en/2022/september-2022/hi-launches-world-s-first-nft-customizable-card-with-mastercard/). With the launch of customisable debit cards, users can personalise their cards' with the NFT avatars they own.

## Crypto app and Mastercard partnership

On September 25, in a [hi blog post](https://resources.hi.com/video-announcing-the-worlds-first-nft-card-with-mastercard/), the crypto and fiat app 'hi' announced a new partnership with Mastercard to launch customisable debit cards, allowing users to design their cards with NFT avatars.

![mastercard.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/mastercard_d3ff63ad2a.png)

With this new partnership, users can now add popular NFT avatars to their cards, such as CryptoPunks, [Apes](/news/article/how-to-buy-monkey-nft), Goblins, or any other they own, as long as it meets Mastercard design standards.

The new hi [debit card](/news/article/crypto-debit-card-uk) will enable crypto enthusiasts to spend fiat and digital assets, such as $Hi, $BTC, $ETH, and $USDT, at over 90 million locations worldwide that accept Mastercard crypto payments.

It will also allow users to spend money from their IBAN accounts in various fiat currencies and cryptocurrencies. Users will receive crypto rewards when making online purchases and will have access to several digital subscriptions, travel benefits like hotel discounts, and more.

Furthermore, it will allow members in the United Kingdom and Europe to deposit their paychecks directly into the card via their banks and split fiat in their preferred cryptocurrency.

The card will operate on the buy-now-convert-later functionality, eliminating the need to convert digital assets into fiat currency. Thanks to the implemented functionality, customers won't miss out on any potential returns from the cryptocurrency market.

## How to get your exclusive NFT debit card?

The NFT customisable debit cards are exclusive for hi members only. The crypto app ['hi' released the steps to join the waitlist](https://resources.hi.com/join-the-card-waitlist/) to get the exclusive NFT debit card. 

Users can head over to the card page in the hi mobile app. They will be required to choose a card tier, each offering different benefits. 

To access the NFT card benefits, the user must purchase and stake their native token, HI. To gain access to the benefits, users must stake at least 100 HI tokens or 10 EUR and fulfil the platform's know your customer (KYC) requirements. 






Crypto app and Mastercard launch first NFT card

Russia's Deputy Finance Minister described the acquisition and use of cryptocurrency in cross-border settlements through a new agreement. 

According to [Kommersant](https://www.kommersant.ru/doc/5572328), a news outlet, Deputy Finance Minister Alexei Moiseev stated on Thursday that the government department has agreed "on the whole" with the central bank on a rule that would allow residents to send cross-border payments using cryptocurrencies.

The report quotes Deputy Finance Minister, Moiseev statement: 

"Now we have a bill in this part already agreed with the Central Bank on the whole ... It generally describes how to acquire cryptocurrency, what can be done with it, and how it can or cannot be settled with for cross-border settlements,"

Russian citizens are intended to benefit from the proposed policy change by having access to digital wallets. The central bank reportedly spoke with government representatives about the issue of cross-border crypto payments, according to news agencies. However, the bank of Russia is allegedly opposed to allowing cryptocurrency exchanges to function legally and not accepting cryptocurrencies as legal tender.

## Russia's volatile relationship with crypto

It's interesting how Russia has viewed cryptocurrencies. Cryptocurrency payments were prohibited in the country in 2020. 

Vladimir Putin, the president of Russia, drafted a new law on July 16 that effectively banned using digital assets to pay for goods and services there. According to the law, cryptocurrencies and NFTs were no longer recognised as legitimate payment methods. These digital assets, though, could still be bought, sold, exchanged, and pledged.

[Russia crypto](/news/article/crypto-russia) has always had a contentious relationship. In May 2022, Denis Manturov, the trade minister, said that the country would "sooner or later" legalise crypto payments, and its position on using them for cross-border settlements shifted.

It's critical to note that 72% of Russian investors have never purchased cryptocurrency like Bitcoin, according to a July 2022 survey by the Swiss cryptocurrency wallet provider Tangem. Therefore, BTC adoption in the nation is likely to be influenced by the proposed policy change driven by the Russian bank and the Ministry of Finance.



Russia approves cross-border crypto payments

Bahrain is set to trial its first Bitcoin payment solution. The Central Bank of Bahrain (CBB) approved [OpenNode’s](https://www.opennode.com/) proposal for setting up a BTC payment infrastructure in the country. It is a BTC payment processor testing its infrastructure at the CBB’s [Regulatory Sandbox](https://www.cbb.gov.bh/fintech/). 

Lately, this gulf state has been working on transitioning its economy to rely more on blockchain and crypto. This move may further help its economy to reap [cryptocurrency benefits](/news/article/impact-of-cryptocurrency-on-society) and provide a better environment for doing business via cryptocurrencies.
  
## OpenNode to test BTC framework at Central Bank of Bahrain

On Tuesday, in a formal [press release](https://www.prnewswire.com/news-releases/opennode-to-test-bitcoin-payments-in-bahrain-301622510.html), the company announced that it would be providing a payout solution for Bitcoin in the country through the Central Bank of Bahrain. In 2017, CBB set up a regulatory sandbox for FinTech startups to bring regularised financial innovation to the country. Now, OpenNode will be using it to test its Bitcoin payment framework. 

According to the press release, the company identified no solution for BTC processing in the Middle East. However, there is a ‘growing interest’ in crypto among the investors in the region. 
The firm decided to establish its infrastructure in Bahrain to strengthen its economy further. Moreover, the firm intends to prove how Bitcoin means ‘better business’.

## Remarks from OpenNode’s CEO

Afnan Rahman is the Chief Executive Officer and the co-founder of the firm. While sharing his views on this trial, he declared it a “watershed moment for the people of Bahrain, the Middle East, and the Bitcoin Economy as a whole.”
Further, Rahman mentioned that his company is a leading solution for Bitcoin infrastructure, serving different governments, countries, and financial institutions to embrace BTC settlements for business. Also, he claimed that their framework provides a standard lightning network for transactions. 

## From petroleum-reliant economy to crypto economy

The Kingdom of Bahrain is a Persian Gulf state whose economy mainly relies on oil and gas. However, it aims to transform its economy through tourism and technological innovation. This also includes relying on blockchain technology and cryptocurrencies. 

Previously, the country made several attempts to reshape its economy into a crypto-friendly one. This included registering several exchanges like [Binance](/news/tag/binance-tag). It also listed CoinMENA, a crypto exchange compliant with the Sharia laws.
  
Moreover, its regulatory sandbox is attracting many FinTech companies. This also includes [JPMorgan’s](/news/tag/jpm) crypto firm Onyx. With these steps, the country is seeking to become a pioneer in crypto and blockchain technology in the Middle East. 



Central Bank of Bahrain to get BTC payment solution

Telcoin is a blockchain-based, user-owned financial platform that aims to provide all mobile users with access to high-quality but affordable, user-owned financial products. Its primary focus is, however, on the remittance industry.

The platform's components include the TEL token, Telcoin App, TELx, and Rivendell - an Ethereum side chain validated by the Mobile Network Operators, a GSMA member.

## The TEL token

The TEL token is the native token of the platform, and it plays various functions in the [Telcoin](https://www.telco.in/) ecosystem. 
It is a protocol token that can also be used as a medium of exchange and a reserve asset. Its holders can use it to access different financial products supported by the platform.

It's an ERC-20 token with a max supply cap of 100,000,000,000 TEL coins. Currently, there are 61,728,700,558 coins in public circulation.

According to Coinmarketcap, as of writing, each coin goes for the price of $0.001824. The tokens are ranked the 252nd largest cryptocurrencies in the world by market cap.

The TEL tokens are available on several crypto exchanges, including KuCoin, Uniswap, Phemex, and Balancer. The tokens can, however, not be purchased directly with fiat currency. 

You'll first have to buy other crypto coins like [BTC](/coins/btc), or [ETH](/coins/eth), then go to an exchange that lists TEL tokens and use your ETH or BTC to purchase them.

## The app

The [Telcoin App](https://www.telco.in/about-the-telcoin-app) provides users with access to all of Telcoin's products. The app features a fast, affordable remittance portal and a digital wallet on the Polygon Network.

Users can use the app to send, receive, withdraw, and trade various supported digital assets at an affordable fee. Those who wish to send money to friends and family anywhere on the globe can do so through the app at a friendly fee of 2% or less. 

The app currently supports fiat remittance from Canada and the USA to 16 countries, including Bangladesh, Ethiopia, Salvador, Indonesia, Kenya, and Pakistan. It is available for download on Google Play and the App Store.

## TELx

[TELx](https://www.telx.network/) is the decentralized liquidity engine of the Telcoin platform. It's designed to power all services provided on the Telcom platform, including cross-border money transfer and digital asset exchange, without relying on intermediaries. 

The decentralized liquidity network is a new addition to the platform. It launched with two user-owned decentralized products, The SMS network and TELxchange.

The SMS (Send Money Smarter Network) is a user-owned global remittance network, while the TELxchange is a user-owned decentralized digital asset exchange. 

## Rivendell

[Rivendell](https://www.rivendell.network/) is still in development. The Network, an Ethereum side chain, is run, validated, and secured by Mobile Network Operators. Once in operation, it will provide fast, secure, credible neutral transaction settlement for the Telcoin ecosystem.

## Is Telcoin a good investment?

Launched in 2017, Telcoin has been around for a while. So far, the team behind the project has managed to meet all the deadlines set on the project's roadmap.

Since its launch, it has made several strategic partnerships with Telcom operators that have enabled it to solve three major issues facing many crypto projects trust, reach, and Know-Your-Customer (KYC) compliance. The project is here to stay.

Its native token (TEL) continues to perform averagely well in the crypto market. However, the token is not listed on most prominent cryptocurrency exchanges, their trading pairs are limited, and they can't be bought directly with fiat money, which inconveniences many investors.

## Bottom line

The Telcoin platform is an excellent addition to the crypto space considering its features and services. The current Telcoin price provides a good entry point into the crypto space for anyone who doesn't wish to spend or risk a lot in the highly volatile market.



The Telcoin platform and price explained

The Islamic Republic of Iran officially accepts crypto as payment for importing goods. The country’s Industry, Mines, and Trade Ministry have approved a legal framework for virtual currencies. Iran is facing international [sanctions](https://www.consilium.europa.eu/en/policies/sanctions/iran/), so it expects to bypass them using crypto. 

Earlier in August, Iran also made its [first import](https://www.reuters.com/business/finance/iran-makes-first-import-order-using-cryptocurrency-tasnim-2022-08-09/) via cryptocurrencies. The order was worth $10 million, which allowed it to avoid global restrictions. 

## Trade Minister on the legislation

A local news agency [reported](https://www.rferl.org/a/iran-cryptocurrency-regulations-skirting-sanctions/32009292.html#0_8_10089_9356_3158_243148716) that Reza Fatemi Amin, the Trade Minister, has approved the legislation to regulate digital currencies. He briefed that this legislation will deal with all the issues like trade, licensing, and mining.

Amin shared his thoughts on the legislation and said it “specifies all issues related to cryptocurrencies, including how to provide fuel and energy for mining them, and how to grant licences.”

## Accepting crypto as a payment method to evade sanctions

Iran is facing financial sanctions globally for enriching Uranium for its nuclear program. The United Nations, as well as the EU, have imposed several restrictions on the country. Moreover, as the government has estranged relations with the United States, it cannot freely participate in the global dollar-dominated market. 

These restrictions have severely affected Iran’s economy over the years. That’s why the Islamic Republic is seeking to circumvent these restrictions through the use of digital assets. It will allow the country to import or export any goods worldwide. With this, it has become one of the largest economies for formally accepting crypto as a payment method. 

However, Iran is not the only one to approve digital assets for evading financial restrictions. Earlier, Russia also started using the same strategy to [bypass sanctions](/news/article/crypto-russia) and avoid international limitations for trading.

Countries bypassing sanctions by accepting crypto as payment may produce new regulations to monitor businesses accepting crypto for exports shortly.

Iran accepting crypto as payment for imports

What is Infinity Token? It is a new cryptocurrency that seeks to revolutionize the world of digital payments. It offers several advantages over traditional payment methods, including faster transaction times and lower fees. But perhaps the most impressive thing about it is its unique proof-of-stake algorithm.

This algorithm allows users to earn rewards for holding Infinity Mining Tokens (IMT), which helps to secure the network and keeps inflation under control. In this blog post, we will explore the features and discuss why it may be the future of digital payments!

## Infinity Token: the future of mining  

[The Infinity Mining Token](https://www.infinityminingtoken.io/) is an ERC-20 token based on the idea of distributing hash power and Bitcoin rewards among miners through a network of shared mining hardware. The option to trade IMT for IHASH or simply speculate on the price will be available to stakers.
Mining a block requires your computer to organize recently completed transactions into chronological order in a distributed public ledger. The computer then generates a 256-bit hash value from the block. The block has been mined and broadcast if the value starts with a sufficient number of zeros. The greater the processing power, the greater the likelihood of receiving rewards.

The miner's responsibility is to set up and operate their [mining hardware and software](/news/article/sustainable-mining). Mining cryptocurrencies like Bitcoin requires a setup that allows for minimal overhead while maximizing hash-rate production. With the launch of Infinity Mining Token on August 6, 2021 (previously titled Infinity Token), the team set out to achieve complete decentralization in the mining process.

IMT developers worked closely with the Fair Token Project (FTP) during its initial stages. Token holders were eligible to receive 5% of the ecosystem rewards from the IMT and IHASH tokens, thanks to FTP. The total number of Infinity Mining Token holders is slightly over 800, and its market cap is $2.5 million.

The group is moving away from hosting bitcoin miners at a shared facility. The Infinity Mining community has successfully crowdfunded the purchase of 40 Application-Specific Integrated Circuit (ASIC) mining rigs using revenue generated from trading.

The IMT crew has also located a vendor who sells S19 PRO 100 models at a 20% discount from the original price. The group is getting ready to switch to a new growth model based on a new treasury system and an increased number of miners as we look to expand into new areas.
A representative staking platform will be a part of the Infinity Mining protocol. By exchanging IMT for IHASH, IMT owners can participate in staking and earn Bitcoin passively. Users can opt to stake a larger share of the hash rate for a more extended period.
A user's staked Bitcoin in the vault will grow by a small amount daily. IMT will be stored safely in a cold storage vault while you convert it to IHASH. There will be a 72-hour grace period during which the user can either keep their stake in place or remove it. Any unspent IMT tokens will remain in the cold storage facility indefinitely.

Like other Defi protocols and exchanges, the IMT staking platform will charge its users a fee. If users decide to un-stake their tokens before the end of the specified staking period, they will lose a certain percentage of their tokens yield.

The IMT speculates the price of ASIC mining hardware, and Infinity Token community members will guide on matters such as selecting a secure cryptocurrency wallet.



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