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London startup unveils new debit card that lets you spend bitcoin and ethereal
This is the best tl;dr I could make, original reduced by 64%. (I'm a bot)
New startup London Block Exchange is launching a prepaid card linked to an app that will let people spend and hold cryptocurrencies. A London-startup headed by a Credit Suisse veteran is launching a new debit card that it claims will allow people to spend cryptocurrencies across the UK. The London Block Exchange launched on Tuesday. It plans to launch a sterling-to-cryptocurrency exchange and a prepaid Visa debit card, dubbed "Dragoncard," that will allow people to convert bitcoin, ethereum, ripple, litecoin and monero to sterling and spend it across the UK. The startup plans to add more cryptocurrencies in future. The Visa card, which will be issued by Gibraltar-based pre-paid card provider Wavecrest, will be linked to an app that allows users to buy and hold cryptocurrencies through the LBX exchange. While LBX is one of the first companies to offer a cryptocurrency card in the UK, it is likely to soon face competition. Revolut, the well-funded foreign exchange startup, is developing cryptocurrency trading capacities within its app and may well let consumers spend the currencies on its prepaid card.
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