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Crypto cards under the spotlight: A pricey thrill-ride for an insiders club

by Isabel Woodford

July 5, 2019, 4:15PM EDT  ·  5 min read

Quick Take

  • The fees that come with most crypto-cards may have an economic rationale, but they don’t scream “mass adoption”
  • Notwithstanding, the cards have a niche value-add, welcoming a small community of happy customers 
  • The good news is that high fees may soon be a thing of the past as major newcomers slowly break into the space

by Isabel Woodford

July 5, 2019, 4:15PM EDT  ·  5 min read

If there’s ever been a need for a trigger warning in crypto reporting, it would precede what you’re about to read. Lovers of crypto-spending, you may want to shield your eyes now.

There’s simply no dancing around it: Crypto cards are a rip-off.

Crypto debit-cards broke onto the scene en masse a few years ago, offering enthusiasts the thrill of being able to spend their hard-earned digital assets almost anywhere with the simple touch of their contactless MasterCard.