There is good news for Latin America crypto users following Tauros.io cryptocurrency exchange’s partnership with Dash to launch Visa cryptocurrency debit cards. Initially, the Visa crypto debit cards will be available to Mexican users only.
New crypto Visa debit card in Mexico
Latin America has been leading in championing the adoption of cryptocurrency, and it seems the efforts are bearing fruits. Dash and Tauros, which operate in digital asset services, have partnered to facilitate the launch of the first-ever crypto debit card in the region. For Tauro’s customers in Mexico, they can now spend Bitcoin, Dash, or any other cryptocurrency in various stores across the country that accept Visa cards.
Most importantly, Tauros leverages its expertise to offer automatic conversion of digital currencies into Pesos via their mobile app, thus helping minimize volatility exposure. Since the card will be acceptable in almost all stores across Mexico, the companies are expected to enhance using of cryptocurrency to even a higher rate.
Crypto debit card customers to earn DashBack rewards
Speaking about the product, Dash Core Group Head of Business Development, Ernesto Contreras stated that the Tauros card will be the first in Latin America and will make it easy for users to interact with the Tauros ecosystem. This is vital since it will enhance the usability of Dash by customers in Mexico. Contreras added that since the card will be offering customers the chance of earning DashBack rewards it, therefore, will be a considerable way of boosting crypto adoption in the country as customers can use Hodl Dash and Pesos.
Equally, Contreras pointed out that they have partnered with Tauros in the development of easier and better solutions that can grow the crypto ecosystem in Latin America. And now, with the Visa cryptocurrency debit card, users can shop in millions of stores that accept regular debit cards, which include online shopping, restaurants, and many more.
COVID-19 accelerated adoption of contactless payment
New realities presented by the COVID-19 pandemic might have pushed for the launch of the debit card as contactless modes of payment become a reality. Contreras asserted that the growing need for contactless payments fast-tracked the development of this new product offering. He equally added that going forward, the social distancing measures will become a news norm even after the pandemic and contactless payment will be the thing.
Tauros Exchange CEO Salvador Melendez stated that the cryptocurrency community in Mexico wants ways they can directly spend their digital coins, and the company has offered them that. Salvador affirmed that the current world order is about freedom, and the launch of the new crypto debit cards is pegged on that.
Recently the Dash Core Group announced that they would release an update for the dash platform at the end of this month after coming up with the third issue of its freshly defined process. The Dash Platform releases new functionalities every six weeks; thus, the next unveiling will be around August 25 to September 8.