Tauros And Visa Join Forces To Launch Debit Card With Crypto Cashbacks

Cryptocurrency startup, Tauros is rolling out a product that’s likely to draw up plenty of crypto-enthusiasts

But note that it’s not like you buy items with cryptos.

Rather, through the e-wallet, you convert your cryptos into fiat currency and those are the funds that serve to complete the transaction with the corresponding merchant. It’s not a straightforward process per se. But it is a way of pushing for faster cryptocurreny adoption within a market that’s been growing keen on cryptos.  Likewise, it offers a rewards program where you get cryptos back.

While we’ve often talked of how users are catching onto electronic payments thanks to the coronavirus outbreak, it shouldn’t come as a surprise that this same principle applies to digital assets like Dash.

“Given that Covid changed the distancing and payments landscape during this year, crypto needs to evolve into more products and better solutions, which is enabling online shopping and the low touch economy, which is the new normal after this pandemic,” says Ernesto Contreras, Head of Business Development at Dash Core Group. Dash has been a key partner for Tauros in promoting cryptocurrency adoption. Now through this debit card, it has a better chance to get more people on board with its tokens.

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When you look at this product, it’s clear Tauros has a lot to gain. Evidently, the startup benefits from attracting more users who want the pragmatism of (almost) handling their cryptos as they would fiat money. More so considering it’s in a market that (for multiple reasons) has a lot of opportunities when it comes to cryptocurrencies.

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