More Bitcoin-Linked Visa Cards Than We Thought

· Jeff Butts · Link

bitcoin-linked visa

On Apple Context Machine, Bryan Chaffin and I briefly discussed credit and debit cards that are linked to cryptocurrency. It turns out, there are actually 54 such cards already, just in the Visa catalog.

These projects have gained traction — crypto-linked Visa debit cards facilitated over $1 billion worth of transactions across Visa’s 70 million merchants worldwide in the first half of 2021 alone. $1 billion is only a small fraction of the trillion-dollar payments industry, however retail interest in cryptocurrencies is picking up, suggesting the market has room to grow, especially with younger generations.

Show Your Pride With a Limited Edition Rainbow Venmo Card

· Andrew Orr · Link

You can now get a limited edition rainbow Venmo card until supplies last. It will be available starting March 4.

We launched the Limited Edition rainbow card based on the positive response we received from our customers when we launched the initial set of six colorful cards. We know our users love to pick a card color that best suits their own personality and style, so the card design is inspired by many of our existing card colors and gives our users an even more vibrant option for their wallets and at checkout.

The card looks great and if I used Venmo I would totally get one.

Should Apple Have its own Debit Card?

· Andrew Orr · Link

John Detrixhe argues that Apple should release its own debit card to prepare for the wave of contactless cards.

But consumers typically avoid moving their financial accounts and tend to be faithful, even when they dislike the service. An Apple debit card is a chance for the Silicon Valley-based company to give customers what they want—for God’s sake—before someone else does.

I’m not sure I’m sold on this idea. For a debit card maybe Apple could work with the bank it uses for device financing. I think what would be nice though is for Apple Pay Cash to work more like its own bank.